Natixis: Continuing Talks With AXA Private Equity

French bank Natixis (KN.FR) said Monday it has yet to finalize a deal with AXA Private Equity, which made an offer for some of its private equity activities, valuing them at EUR507 million.

It said talks are continuing after AXA Private Equity made an offer in mid-February, and that the two companies had allowed themselves a significant time frame to finalize the terms of the deal.

AXA PE is bidding for iXEN Partners and NI Partners, two businesses that Natixis is currently merging, as well as Initiative & Finance Gestion.

Natixis said it will issue a further statement when a definitive deal is reached.

AXA Private Equity, which belongs to French insurance giant AXA SA (AXA), could end up paying more for the assets, depending on their future performance, Natixis said in February.

-By Digby Larner, Dow Jones Newswires; +33 1 4017 1748; digby.larner@dowjones.com

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