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Societe Generale

SocGen in talks with Amundi, State Street over Lyxor fund arm sale
Business & Finance

SocGen in talks with Amundi, State Street over Lyxor fund arm sale

  • Lyxor is being valued at about half the 1 billion euro ($1.2 billion) it was targeting, with bidders only willing to offer about 400-500 million euros due to growth challenges and fallout from the coronavirus crisis, the sources said.
  • German asset manager DWS and US financial services firm Northern Trust were the latest to walk away, the sources said, speaking on condition of anonymity.
Published 26 Mar, 2021 09:53pm
European shares gain
Markets

European shares gain

MILAN/FRANFURT: European shares rose on Wednesday as upbeat earnings reports from firms including SocGen helped ...
Published 11 Feb, 2021 04:34am