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SocGen to launch sale of asset management arm Lyxor in Q4 Reuters

Sep 22, 2020 - SNL European Financials Daily

The French banking group's asset management arm could fetch a valuation of approximately 1 billion, sources told Reuters.

French banking group Société Générale SA is set to kick off the sale of unit Lyxor Asset Management SAS in the fourth quarter and has mandated Citigroup Inc. to oversee the process, two sources familiar with the matter told Reuters.

The sale will target bidders in Europe and the U.S., including French asset manager Amundi SA and Deutsche Bank AG unit DWS Grou...