BNP has a small presence in asset management. Its 35 staff manages around £150bn. The group has previously announced that it has funds available for acquisitions.
Jupiter, which manages around £11bn for UK investors could be bought for around £500m, well within BNP's £5bn acquisition budget.
Goldman Sachs is handling the sale and is believed to be sending out details of the sale to bidders in the next few days.
BNP Thought To Be Close To Bid
The Mail On Sunday reports that French bank BNP Paribas is thought to be mulling over making a bid for Jupiter, the asset manager owned by German rival Commerzbank.
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