Amundi: firm agreement to acquire Alpha Associates
(CercleFinance.com) - On annoncing its annual results, Amundi announces the signing of a binding agreement to acquire Alpha Associates, a Zurich-based independent asset manager offering multi-management investment solutions in private assets.
The acquisition should position Amundi as a leading European player in this field, with a team of over 70 experts, assets under management of around E20bn, an expanded multi-management offering and enhanced customer and geographic coverage.
The group expects this transaction, which should be completed by Q3 2024, subject to regulatory approvals, to generate a return on investment in excess of 13% after three years, including revenue synergies.
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