
On April 7, 2021, Amundi and Lyxor announced that Amundi is in exclusive talks with Société Générale to buy its asset management arm Lyxor for a total cash consideration of €825m. Following these negotiations, the deal was closed on June 11, 2021. Besides serving as a platform for alternative strategies, Lyxor ETF is the main target of this acquisition, since the merger would create the second largest ETF promoter in Europe. Even as there was a rumor going on, the announcement of the possible sale of Lyxor was a bit surprising. This is because Lyxor ETF had just finalized the