Amundi finalized the purchase of Lyxor from Société Générale, for 825 mln euros

PARIS (Agefi-Dow Jones) – Asset manager Amundi finalized the acquisition of Lyxor from the Société Générale banking group on Friday.

“All the necessary regulatory and competitive authorizations have been obtained” and “this transaction was carried out for a total price of 825 million euros, two months ahead of schedule,” Amundi and Société Générale said in a press release.

The two groups entered into exclusive negotiations on April 7 to complete this transaction.

Founded in 1998, Lyxor is one of the major players in the market for index funds – or ETF, for exchange traded fund – in Europe. The company has also developed recognized expertise in active management, in particular thanks to its liquid alternative funds platform.

-Dimitri Delmond, Agefi-Dow Jones; +33 (0) 1 41 27 47 31; [email protected] ed: ECH

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December 31, 2021 08:25 ET (13:25 GMT)