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AMUN Amundi SA News Story

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Amundi exceeds Q4 expectations, shares rise

** Shares in Europe's largest asset manager, Amundi AMUN.PA rise 4.7%, at the top of SBF120 .SBF120 index, after beating market expectations for Q4 results

** Amundi says investors added 20.9 billion euros ($24.70 billion) more than they withdrew in Q4, compared with estimated net inflows of 16.1 billion euros in a company-compiled consensus

** "DWS's results last week were a tough act to follow, but Amundi has demonstrated it is up to the task," Jefferies analysts say, adding Amundi also achieved a quarterly beat on profit before taxes (PBT), revenue and net income

** J.P. Morgan also highlights the group announced a 500 million euro share buyback program, starting on Wednesday and expected to be spread over a period of approximately one year

** Shares in Amundi reached their best price since August 2021

($1 = 0.8460 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com))

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