Societe Generale considers future of its AM unit Lyxor

On the 08.22.19 at 4:35PM


Tuba Raqshan

French bank Societe Generale, which is disposing its assets, is looking for alternatives for its Lyxor asset management business, which oversees about 151 billion euros ($167 billion).

France’s third largest bank is searching for options, including a sale or a merger, for its asset management unit, reported Bloomberg. There has been no final decision, even as the bank may decide to retain the business.

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