Amundi completed the acquisition of Lyxor Asset Management from Societe Generale for €825m.

Amundi, a French asset management company, completed the acquisition of Lyxor Asset Management, a European asset management specialist, from Societe Generale, a French multinational investment bank, for €825m ($980m). This agreement is in line with Societe Generale's strategy with regards to savings, which is to operate in open architecture and to propose to its clients investment and asset management solutions through partnerships with external asset managers.