Societe Generale in talks with Amundi to sell Lyxor for €825m

Societe Generale in talks with Amundi to sell Lyxor for €825m

(adsbygoogle = window.adsbygoogle || []).push({}); French banking group Societe Generale (SocGen) said that it has entered into an exclusive negotiation with Amundi for the sale of Lyxor for €825 million in cash. Amundi is a French asset management company majority-owned by Crédit Agricole, while Lyxor handles Societe Generale’s More...

by businessnewstoday | Published 11 hours ago
Majesco strengthens distribution management platform with new capabilities
By businessnewstoday On Sunday, April 11th, 2021
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Majesco strengthens distribution management platform with new capabilities

US insurtech company Majesco has announced the general availability of new key capabilities to its distribution management platform. The new generally available release is said to have features that offer major More...

Srei Equipment Finance to get $250m investment from Arena Investors and Makara Capital
By businessnewstoday On Friday, April 9th, 2021
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Srei Equipment Finance to get $250m investment from Arena Investors and Makara Capital

Srei Equipment Finance (SEFL) said that it has received expression of interest from Arena Investors and Makara Capital Partners for investing up to $250 million in the company. The Indian infrastructure financing More...

Eastern Bankshares, Century Bancorp sign $642m merger deal
By businessnewstoday On Thursday, April 8th, 2021
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Eastern Bankshares to acquire Century Bancorp in $642m deal

Eastern Bankshares has agreed to acquire rival Boston-based bank holding company Century Bancorp in an all-cash deal worth $642 million. While Eastern Bankshares is the holding company for Eastern Bank, Century More...

Security Service Insurance acquires Pace Insurance Managers
By businessnewstoday On Wednesday, April 7th, 2021
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Security Service Insurance acquires Pace Insurance Managers

Security Service Insurance said that it has acquired Pace Insurance Managers, an insurance agency based in Springhill, Louisiana, for an undisclosed price. Pace Insurance Managers offers property, general liability, More...

Genworth Financial scraps $2.7bn merger deal with China Oceanwide
By businessnewstoday On Wednesday, April 7th, 2021
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Genworth Financial scraps $2.7bn merger deal with China Oceanwide

US insurance company Genworth Financial said that it has exercised its right to scrap its $2.7 billion merger deal with Chinese investment company China Oceanwide owing to regulatory obstacles. The deal was signed More...

The Hilb Group acquires employee benefits agency Andrews Benefits
By businessnewstoday On Tuesday, April 6th, 2021
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The Hilb Group acquires employee benefits agency Andrews Benefits

The Hilb Group (THG), a US property and casualty (P&C) and employee benefits insurance brokerage, has acquired Andrews Benefits based in Connecticut for an undisclosed price. Andrews Benefits, which is an employee More...

HDFC acquires 9.9% stake in Kerala Infrastructure Fund Management
By businessnewstoday On Tuesday, April 6th, 2021
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HDFC acquires 9.9% stake in Kerala Infrastructure Fund Management

Housing Development Finance Corporation (HDFC) has acquired a stake of 9.9% in Kerala Infrastructure Fund Management Limited (KIFML), an asset management firm promoted by the Kerala Infrastructure Investment Fund More...

Airtel Africa secures $100m investment from Mastercard for mobile money business - Airtel Mobile Commerce
By businessnewstoday On Monday, April 5th, 2021
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Airtel Africa secures $100m investment from Mastercard for mobile money business

Airtel Africa has secured an investment of $100 million for its mobile money business – Airtel Mobile Commerce (AMC BV) from Mastercard in return for a minority stake. Currently, Airtel Mobile Commerce is More...

Utmost Group to acquire investment platform provider Quilter International for £483m
By businessnewstoday On Monday, April 5th, 2021
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Utmost to acquire investment platform provider Quilter International for £483m

Utmost Group Limited, a specialist life assurance group, has agreed to acquire Isle of Man-based investment platform provider Quilter International for around £483m in cash. Quilter International provides cross-border More...