SG ends ‘refocusing programme’ with sale of Lyxor to Amundi

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SG ends ‘refocusing programme’ with sale of Lyxor to Amundi

Tyler Davies
April 07, 2021 11:45 am
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D0GFC4 Paris, France: Branch of the French bank Societe Generale at evening | Alamy Stock Photo

Société Générale said on Wednesday that it was looking to sell its asset management arm Lyxor to French investor Amundi. The transaction will wrap up a three year restructuring programme, which has added up to 90bp to the bank’s capital ratios.

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