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Amundi, BNP Paribas among potential Lyxor buyers: report

France
On the 11/18/20 at 8:00AM
Sources
Reuters

According to Reuters, French asset manager Amundi and French banking group BNP Paribas consider a bid on Lyxor Asset Management, the €150bn investment manager of Société Générale. JPMorgan, State Street and Deutsche Bank's investment arm DWS also show interest in Lyxor whose sale process should start by year-end. Sources speaking to Reuters assess Lyxor could be valued between €500m and €700m.