Amundi and Société Générale announce the signature, earlier than the considered schedule, of the master agreement for Amundi's acquisition of Lyxor[1]; as a reminder, the entry into exclusive negotiations had been announced on 7 April[2].
The finalisation of this transaction is expected at the end of 2021[3], subject to the prior approval of the competent regulatory and competition authorities.
[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://legroupe.amundi.com/Sites/Amundi-Corporate/Pages/Actualites/2021/Acquisition-de-Lyxor
[3] No later than February 2022
