Amundi to Purchase BAWAG’s Asset Management Arm

October 29, 2014

On October 23, 2014, Austrian lender BAWAG P.S.K. and France-based Amundi Group SA announced BAWAG P.S.K.’s sale of its asset management arm, BAWAG PSK Invest, to Amundi.


On October 23, 2014, Austrian lender BAWAG P.S.K. and France-based Amundi Group SA announced BAWAG P.S.K.’s sale of its asset management arm, BAWAG P.S.K. Invest, to Amundi.  Amundi, which has more than 800 billion euros under management, intends to continue operating Invest out of Austria.  As of June 2014, Invest has 4.6 billion euros under management.

The transaction remains subject to regulatory approvals.

To read the Press Release, please click here.

 


Categories

Investment Manager M&A, Transactions