Amundi and Société Générale: Signature of the master agreement for the acquisition of Lyxor by Amundi - Finalisation expe...
11 Juni 2021 - 08:00AM
Amundi and Société Générale: Signature of the master agreement for
the acquisition of Lyxor by Amundi - Finalisation expected at
end-2021
Press release
Paris, 11 June 2021
Signature of the
master agreement for the acquisition
of Lyxor by
AmundiFinalisation
expected at end-2021
Amundi and Société Générale announce the
signature, earlier than the considered schedule, of the master
agreement for Amundi's acquisition of Lyxor1; as a reminder, the
entry into exclusive negotiations had been announced on 7
April2.
The finalisation of this transaction is expected
at the end of 20213, subject to the prior approval of the competent
regulatory and competition authorities.
***
About Amundi
Amundi, the leading European asset manager,
ranking among the top 10 global players4, offers its 100 million
clients – retail investors, institutional investors and companies –
a complete range of savings and investment solutions in active and
passive management, in traditional or real assets.
With its six international investment hubs5,
financial and extra-financial research capabilities and
long-standing commitment to responsible investment, Amundi is a key
player in the asset management landscape.
Amundi's clients benefit from the expertise and
advice of 4,800 employees in over 35 countries. A subsidiary of the
Crédit Agricole group, Amundi is a listed company and currently
manages over €1.75 trillion in assets6.
Amundi, a trusted partner, working every
day in the interest of its clients and society.
www.amundi.com
About Société Générale
Societe Generale is one of the leading European
financial services groups. Based on a diversified and integrated
banking model, the Group combines financial strength and proven
expertise in innovation with a strategy of sustainable growth,
aiming to be the trusted partner for its clients, committed to the
positive transformations of society and the economy.
Active in the real economy for over 150 years,
with a solid position in Europe and connected to the rest of the
world, Societe Generale has over 133,000 members of staff in 61
countries and supports on a daily basis 30 million individual
clients, businesses and institutional investors around the world by
offering a wide range of advisory services and tailored financial
solutions. The Group is built on three complementary core
businesses:
-
French Retail Banking, which encompasses the
Societe Generale, Crédit du Nord and Boursorama brands. Each offers
a full range of financial services with omnichannel products at the
cutting edge of digital innovation;
-
International Retail Banking, Insurance and Financial
Services to Corporates, with networks in Africa, Russia,
Central and Eastern Europe and specialised businesses that are
leaders in their markets;
-
Global Banking and Investor Solutions, which
offers recognised expertise, key international locations and
integrated solutions.
Societe Generale is included in the principal
socially responsible investment indices: DJSI (World and Europe),
FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and
Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low
Carbon Leaders Index.
For more information, you can follow us on
twitter @societegenerale or visit our website
www.societegenerale.com
Amundi
Press contact:
Natacha Andermahr
Tel. +33 1 76 37 86 05
natacha.andermahr-sharp@amundi.com
Investor contacts:
Anthony Mellor
Tel. +33 1 76 32 17 16
anthony.mellor@amundi.com
Thomas Lapeyre
Tel. +33 1 76 33 70 54
thomas.lapeyre@amundi.com
Société
Générale
Press
contact:
Jean-Baptiste
Froville
Tel.+33 1 58 98 68 00
jean-baptiste.froville@socgen.com
1 Certain activities from Lyxor are excluded
from the scope of the transaction and retained by Societe Generale:
(i) structured asset management solutions intended for Societe
Generale's global markets clients and (ii) asset management
activities dedicated to savings solutions and carried out for
Societe Generale (Branch networks and Private Banking) such as
structuring of savings solutions, funds selection and the
supervision of the Group's asset management companies.2 See press
release and presentation of 7 April 2021, available on the
website https://about.amundi.com/Sites/Amundi-Corporate/Pages/Actualites/2021/Acquisition-of-Lyxor3
No later than February 20224 Source: IPE “Top 500 Asset Managers”,
published in June 2020, based on AuM at 31/12/2019.5 Boston,
Dublin, London, Milan, Paris and Tokyo6 Amundi data at
31/03/2021
- PR Signing Amundi Lyxor VF
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