Amundi And Victory Capital To Forge Strategic Alliance, Broadening US Investment Opportunities
Portfolio Pulse from Benzinga Newsdesk
Amundi and Victory Capital have announced a strategic alliance, with Amundi US set to merge into Victory Capital. Amundi will also become a strategic shareholder in Victory Capital. The partnership includes reciprocal 15-year exclusive distribution agreements, aimed at broadening US investment opportunities.
April 16, 2024 | 7:31 am
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Victory Capital is set to merge Amundi US into its operations and become a strategic shareholder, backed by a 15-year exclusive distribution agreement with Amundi.
The strategic alliance and merger with Amundi US are likely to significantly enhance Victory Capital's product offerings and market reach. The long-term distribution agreement further solidifies this partnership, potentially leading to increased investor interest and positive stock price movement in the short term.
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