Amundi poised to become Europe’s second largest ETF house

The acquisition of Lyxor will give a notable boost to the French asset manager’s ETF business.

A bidding contest is coming to an end as it was announced today that the French asset management firm Amundi has entered into exclusive negotiations with Société Générale to buy its fund management arm Lyxor. The EUR 825 cash deal would see Amundi absorb
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