Societe Generale In Talks With Amundi To Dispose Asset Management Activities Operated By Lyxor
PARIS (dpa-AFX) - Societe Generale (SCGLF.PK, SCGLY.PK) said its Board approved the entry into exclusive negotiation with Amundi with a view to disposing of the asset management activities operated by Lyxor. Lyxor includes the Group s asset management activities. Societe Generale expects the deal to be finalized by February 2022 at the latest, at a price of 825 million euros. The capital gain from the disposal, net of tax, would be around 430 million euros.
Societe Generale noted that it would announce a project to create a Wealth & Investment Solutions department within its private bank. It would include Lyxor s teams, which would not be part of the disposal.