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

Deal would create Europe's largest ETF provider

Mike Sheen
clock • 2 min read

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. Amundi expands ESG ETF range with double launch Amundi said the acquisition of Lyxor, which with €77bn in AUM is the third largest player in Europe's ETF market with a 7.4% market share, would provide the combined business with "a diversified profile in terms of client base and geography". The French asset manager also noted that the acquisition would allow Amundi to "accelerate its d...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ETFs

LGIM adds Energy Transition Commodities ETF to fund range

LGIM adds Energy Transition Commodities ETF to fund range

18 commodities

Cristian Angeloni
clock 17 April 2024 • 1 min read
SSGA delists five ETFs from European exchanges to concentrate liquidity

SSGA delists five ETFs from European exchanges to concentrate liquidity

Borsa Italiana, Euronext Paris and LSE

clock 10 April 2024 • 1 min read
Fidelity Investments imposes fee penalty on ETF investors for non-compliant issuers

Fidelity Investments imposes fee penalty on ETF investors for non-compliant issuers

Nine providers could be affected

clock 09 April 2024 • 1 min read
Trustpilot