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...

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