Bloomberg
Amundi Buys SocGen’s Lyxor in Bid To Reshape Europe’s ETF Sector
(Bloomberg) — Amundi SA agreed to buy Societe Generale SA’s fund management arm Lyxor as outgoing Chief Executive Officer Yves Perrier used his last major deal to upend Europe’s exchange-traded funds industry.The Paris-based firm has entered into exclusive talks with SocGen for an 825 million euro ($980 million) cash deal, according to a statement Wednesday. The acquisition, expected to close by February next…
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