SocGen readies itself to offload Lyxor AM - reports
Citigroup to oversee the sale
Sources said SocGen is ready to sell Lyxor AM
Société Générale is readying itself to launch the sale of the firm’s asset management arm, Lyxor, as it attempts to bolster its finances following two consecutive quarterly losses, Reuters has reported.
The bank has hired Citigroup to oversee the sale of Europe's third largest ETF provider, potentially in the fourth quarter, sources told Reuters. Lyxor boosts climate ETF range with Paris-aligned launches...
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