Shares in SocGen have gained 38.5% since the beginning of the year after a 45% slump in 2020. Its share price has more than doubled since its lowest at 10.77 euros on Sept. 30.
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.
Meanwhile, Dalian's most-active soyoil contract fell 1%, while its palm oil contract slipped 3.5%. Soyoil prices on the Chicago Board of Trade were down 1.1%.