Societe Generale in talks with Amundi to sell Lyxor for €825m

Societe Generale in talks with Amundi to sell Lyxor for €825m

French banking group Societe Generale (SocGen) said that it has entered into an exclusive negotiation with Amundi for the sale of Lyxor for €825 million in cash. Amundi is a French asset management company majority-owned by Crédit Agricole, while Lyxor handles Societe Generale’s asset management activities. Lyxor operates mainly through Lyxor Asset Management, which is […]