(CercleFinance.com) – Amundi and Société Générale announce the completion of the acquisition of Lyxor by the former from the latter, all regulatory and competitive authorizations required for this transaction having been obtained.
This transaction was carried out for a total price of 825 million euros, two months ahead of schedule. A major player in the ETF market in Europe, Lyxor has also developed expertise in active management, notably through its platform of liquid alternative funds.
As a reminder, Amundi and Société Générale entered into negotiations for this transaction last April. Amundi then declared that it expected a return on investment of more than 10% from this acquisition within three years (with only cost synergies).
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