Amundi sells US business to Victory Capital for 26% stake, boosting access to US financial market.
Amundi, Europe's largest asset manager, has agreed to sell its US business to Victory Capital for a 26% stake in Victory Capital. This deal is aimed at boosting Amundi's access to the US financial market and will allow Amundi's clients to access a larger pool of products. In exchange, Victory Capital will be able to serve a greater number of clients inside and outside its home country through 15-year reciprocal distribution agreements.
April 16, 2024
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