News Formal

Victory Capital Holdings acquiring French firm's U.S. business

  • 📰 ExpressNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 51%

Amundi Nouvelles

Victory Capital Holdings,USAA Asset Management Co.,David Brown

San Antonio asset management firm Victory Capital Holdings Inc. will acquire Paris-based Amundi's $104 billion U.S. business.

San Antonio’s Victory Capital Holdings Inc. is a step closer to acquiring the $104 billion U.S. business of a French money manager. Victory has reached a definitive agreement for Paris-based Amundi’s U.S. business to be combined with Victory in exchange for a 26.1% stake in the publicly traded San Antonio asset management firm. No cash payments are involved.

San Antonio CEOs got bigger paychecks last year as companies' profits fell. See who took home most. As part of the transaction, the companies will enter 15-year agreements to distribute each other’s investment products. Amundi will be the distributor of Victory’s investment offerings outside of the U.S while Victory will become the exclusive distributor of Amundi’s non-U.S. products in this country. Expanding Victory’s distribution reach outside the U.S.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 519. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

French stocks take beating, risk premium rises under specter of possible far-right victoryThe country's blue-chip index is heading for its worst week in more than two years.
La source: CNBC - 🏆 12. / 72 Lire la suite »