Brief: Amundi To Take 26.1% Economic Stake In Victory Capital
09/07/2024 06:09
July 9 (Reuters) - Amundi SA AMUN.PA :
* AMUNDI AND VICTORY CAPITAL SIGN A DEFINITIVE AGREEMENT TO
BECOME STRATEGIC PARTNERS
* AMUNDI US WILL BE COMBINED WITH VICTORY CAPITAL
* AMUNDI WILL BECOME A STRATEGIC SHAREHOLDER OF VICTORY
CAPITAL
WITH A 26.1% ECONOMIC STAKE IN VICTORY CAPITAL
* BOTH PARTIES HAVE ENTERED INTO 15-YEAR DISTRIBUTION AND
SERVICES
AGREEMENTS, WHICH WILL BE EFFECTIVE UPON CLOSING OF TRANSACTION
* TRANSACTION IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS AND
IS
EXPECTED TO BE COMPLETED LATE IN Q4 OF 2024 OR EARLY 2025
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