Aéma Groupe buys Aviva France for €3.2bn
Including its 75% shareholding in wealth manager L’Union Financière de France
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Including its 75% shareholding in wealth manager L’Union Financière de France
To enhance its ESG offering
French investment bank owns just over 50% of the company
To create €18bn company
In its 11th acquisition since 2012
Mid-sized firms squeezed as they lack reach of larger peers and lower cost base of boutiques
Deal will see Italy premiums boosted by about €300m to hit roughly €2bn
Transaction pending on EU Commission approval for UK bourse to buy Refinitiv
The acquisition will expand MSIM’s fixed income and ESG capabilities
Fierce competition and razor thin margins keep rivals in ETF business on their toes
The deal will see the asset manager set up a Finnish infrastructure fund
As platforms and ESG capability rise in importance