Amundi: completes acquisition of Sabadell AM

(CercleFinance.com) - Asset manager Amundi announced on Tuesday evening that it has completed the acquisition of 100% of Sabadell Asset Management.


This deal was announced in January.

"The 10-year strategic partnership for the distribution of Amundi products across Banco Sabadell's networks in Spain is starting successfully, while the respective teams have already agreed the commercial strategy and priorities. The integration and cooperation workflows launched between Banco Sabadell and Amundi since January confirm the partnership's strong potential, as illustrated by the fact that the first products managed by Amundi are already being promoted within the Banco Sabadell retail network," the group said.


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