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 Nieuws

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 519. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: CNBC - 🏆 12. / 72 Lees verder »