Announced
Financials
Sources
Tags
Single Bidder
fund management
Pending
Private
Majority
Asset Managers and Custodians
Friendly
France
Acquisition
Synopsis
Natixis' Ostrum Asset Management agreed to merge with the wealth management unit of La Banque Postale, a French bank. Financial terms were not disclosed. The combination of the fixed-income and insurance-related asset management businesses of Ostrum Asset Management and La Banque Postale Asset Management within a joint entity is expected to be completed in the fourth quarter of 2020, subject to obtaining required regulatory approvals.
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