Amundi Buys SocGen’s Lyxor in Bid To Reshape Europe’s ETF Sector
- Deal would make Amundi second largest ETF provider in Europe
- Aims to grow ETF market share by one percentage point a year
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Amundi SA agreed to buy Societe Generale SA’s fund management arm Lyxor as outgoing Chief Executive Officer Yves Perrier used his last major deal to upend Europe’s exchange-traded funds industry.