Amundi and Banco Sabadell have announced an agreement whereby Amundi has purchased the Spanish bank’s AM division. They are also entering into a 10-year strategic partnership for the distribution of Amundi’s products in Banco Sabadell’s network. This deal will immediately add €21bn assets to Amundi’s AuMs and will be c.3% earnings accretive as of day one.
22 Jan 2020
A relevant agreement
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A relevant agreement
Amundi SA (AMUN:WBO) | 0 0 1.9% | Mkt Cap: 13,650m
- Published:
22 Jan 2020 -
Author:
Farhad Moshiri -
Pages:
2
Amundi and Banco Sabadell have announced an agreement whereby Amundi has purchased the Spanish bank’s AM division. They are also entering into a 10-year strategic partnership for the distribution of Amundi’s products in Banco Sabadell’s network. This deal will immediately add €21bn assets to Amundi’s AuMs and will be c.3% earnings accretive as of day one.