Amundi enters exclusive negotiations to acquire Lyxor in €825m deal

Deal would create Europe's largest ETF provider

Mike Sheen
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Amundi has been in talks with Lyxor parent company Société Générale
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Amundi has been in talks with Lyxor parent company Société Générale

Amundi is set to acquire European ETF house Lyxor for a total cash consideration of €825m, having entered into exclusive negotiations with parent group Société Générale.

The acquisition, which could also cost the French asset manager €755m excluding excess capital, would turn Amundi into Europe's largest ETF provider with combines AUM of €142bn and a 14% market share....

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