Amundi on its way to becoming a European leader in index management

Amundi consolidates its position as a giant in asset management.

The Crédit Agricole subsidiary has just entered into exclusive negotiations to acquire Lyxor, the asset manager of Societe Generale, for 825 million euros.

The operation concerns almost the entire company, representing a total of 124 billion euros in assets.

It is part of the continuity of relations between the two banks: Amundi was in fact born eleven years ago from the marriage between the asset management activities of Crédit Agricole and Société Générale.

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Founded in 1998, Lyxor is one of the pioneers and leading European specialists in index (or passive) management: its funds track a given stock market index, for example the CAC 40 or the German DAX.

But, over the years, the old nugget has lost its luster, overtaken by bigger players, as the index market booms.

It is expected to grow by 12% per year by 2025.

This acquisition will accelerate Amundi's development, as it will strengthen our expertise, particularly in ETFs (index funds) and alternative management.

Yves Perrier, Chief Executive Officer of Amundi

“This acquisition will be an accelerator of

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