Amundi signs final deal to take 26.1% stake in Victory Capital-January 2024-www.financetom.com

Amundi signs final deal to take 26.1% stake in Victory Capital

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Amundi signs final deal to take 26.1% stake in Victory Capital

Jul 9, 2024 1:34 AM

July 9 (Reuters) - Amundi has signed a

definitive deal to take a 26.1% stake in U.S. firm Victory

Capital, the French asset manager said on Tuesday.

The deal will involve Amundi merging its U.S. operations

with Victory Capital and a 15-year distribution and services

agreement.

The previously proposed deal is expected to be completed

late in the fourth quarter or early in 2025, Amundi said.

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