ACQUISITIONS

Amundi to become European ETF leader with Lyxor acquisition

Amundi to become European ETF leader with Lyxor acquisition

Amundi is to buy Lyxor’s ETF and actively managed alternative platform from Société Générale for a total cash consideration of EUR825 million, or EUR755 million excluding excess capital, in a move that will result in Amundi becoming the European leader in ETFs with EUR142 billion in assets and a 14 per cent market share in Europe.