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Amundi to acquire SocGen’s Lyxor, creating a €142B ETF business; appoints SI officer for South Asia

Amundi said it has entered exclusive negotiations with Société Générale to acquire its asset management subsidiary Lyxor in an €825 million (US$980 million) deal. The move will create a combined AUM of €142 billion for the European asset manager’s ETF business. Benefiting from Lyxor’s leading position in the ETF business — €77 billion AUM and the third-largest ETF player in…

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