Amundi nears deal to buy rival Lyxor for EUR 825 million

Acquisition strengthens Paris-based asset manager’s position in fast-growing European ETF industry.

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Amundi-Pioneer merger set to close on July 3

Amundi CEO, Yves Perrier, said: “The acquisition of Pioneer is a major step in the implementation of Amundi's strategy. It enables us to consolidate our position as European leader while enhancing the range of products and services offered to our clients."

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