Amundi set to acquire Lyxor in €825m deal

The acquisition, which could also cost the French asset manager €755m excluding excess capital, would turn Amundi into Europe's largest ETF provider with combines AUM of €142bn and a 14% market share. Amundi said the acquisition of Lyxor, which with €77bn in AUM is the third largest player in Europe's ETF market with a 7.4% market share, would provide the combined business with "a diversified profile in terms of client base and geography". The French asset manager also noted that the acquisition would allow Amundi to "accelerate its development" within the ETF market and complement it...