The Trade
Amundi in talks to acquire Lyxor AM from Societe Generale for €825 million
The sale of Lyxor Asset Management will boost Amundi as a leader in European ETFs and conclude the major restructure programme at Societe Generale.
French investment bank Societe Generale has entered into exclusive talks with Amundi to sell its Lyxor Asset Management business for €825 million as part of an ongoing cost savings strategy.
The deal is expected to be completed by February 2022 and includes Lyxor Asset Management’s passive and active management activities for institutional clients in France and globally, including exchange traded funds (ETFs) and alternative products.
Press release content from Business Wire. The AP news staff was not involved in its creation.
FlexNOW, FlexTrade’s Cloud-based EMS, Empowers Global Equity and Futures Trading for Lyxor Asset Management, One of France’s Largest AM
February 16, 2021 GMT
LONDON (BUSINESS WIRE) Feb 16, 2021
FlexTrade Systems (@FlexTrade ), a global leader in multi-asset execution and order management systems, announces Lyxor Asset Management adoption of FlexNOW EMS, which combines the best of cloud, desktop, mobile and API technology.
FlexNOW gives Lyxor’s traders the power and flexibility to transition seamlessly between the different challenges in today’s working conditions. The ability to trade several thousand stocks and futures across scores of brokers and algos in seconds is one of the reasons to transition to the FlexNOW EMS. Regular updates to add automation, more asset classes and the ability to adapt to newer workflows makes this a future proof transition for Lyxor.