Amundi IPO begins as analysts eye €6bn to €7.5bn valuation
The IPO of Amundi, Europe’s largest asset manager, began on Monday with the launch of investor education for a deal that is likely to top €1bn.
As GlobalCapital reported in June, the deal is driven by two imperatives. Société Générale wants to sell its 20% stake in the business, in one go, while the owner of the other 80%, Crédit Agricole, wants to list Amundi so it can have an acquisition currency.“Within ...
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