Group news / Amundi and Victory Capital announce plan to establish a strategic partnership

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Wednesday 17 April 2024

Amundi and Victory Capital announce plan to establish a strategic partnership

Amundi and Victory Capital, a US investment management firm, have announced their plan to establish a strategic partnership.

This partnership would comprise three parts:

The merger of Amundi US with Victory Capital;
Amundi’s strategic acquisition of a 26.1% stake in Victory Capital;
Exclusive and reciprocal 15-year distribution agreements.

The new group would be responsible for more than $280 billion in assets under management.

This partnership would see Amundi gain access to a larger US investment platform to the benefit of its customers all over the world, and would strengthen its presence in the United States.

Amundi would become the distributor of Victory Capital products outside of the United States and Victory Capital would distribute Amundi's investment solutions within the US.

The definitive completion of this transaction remains subject to certain conditions including regulatory approvals.

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Crédit Agricole Immobilier officially opens the Aqueduc Campus in Gentilly today: 40,000 m² of office and service real estate over 5 storeys, with capacity for 3,300 people. The result of an urban renewal project and built on already artificialised land, this campus stands out for its 2,500 m² of external green spaces and 1,200 m2 of terraces. The project was sold to King Street (Capital Management), and pharmaceutical group Biocodex and data and technology expert Infopro Digital will together occupy more than 50% of the site.

Crédit Agricole de Lorraine, through the Points Passerelle scheme, is working with EDF to find a long-term solution to energy poverty. Their partnership is based on three main areas of action: aid to provide solutions to energy debt; training on the use of energy; and a system to provide information on social tariffs and help to improve the insulation of homes. In keeping with the Group’s Societal Project, this agreement addresses customers’ growing need for support.

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Crédit Agricole Centre Loire launches its 1^st hackathon on the theme of sustainable farming. 73 students had 48 hours to come up with innovative solutions for the following: improving farmer communication; boosting the attractiveness of the agricultural sector and encouraging new people to become farmers; and the use of data to improve agricultural forecasts. The winning team will benefit from a year of support from the Regional Bank, the B3 Village by CA Vierzon and Agreen Labo Village by CA in Orléans to help develop their project.

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60 years ago

US manufacturer Ford successfully launched the Mustang at the New York World’s Fair on 17 April 1964. 20,000 orders were placed on day one, making it the fastest-selling car in history. The competitively-price sports car, which came with a vast catalogue of options, had a huge impact on Detroit's automotive industry. The car was named after a famous World War II American fighter plane and the wild mustang horse known for its power, speed and independence. By March 1966, one million vehicles had been sold. 50 years later, this figure was 9 million. This legend of US automotive history has made over 3,200 appearances on TV and film.

VIDEO

The Tour de France in Orléans is something under 20 year olds won’t remember

The 10^th stage of the 2024 Tour de France will take place exclusively in Centre-Val de Loire for the first time since 2001.
Departing from the city of Orléans, the competitors will pass through the Sologne before following the Cher river to Vierzon and reaching their final destination for the day: Saint-Amand-Montrond in Berry.

With only three months to go before the cyclists pass through the region, Christian Prudhomme, Director of the Tour de France, Pierre Rolland, winner of two Tour de France stages and originally from Centre-Val de Loire, as well as Régis Abgrall, Head of Retail Banking at LCL, visited the Orléans branch on 9 April for a special evening where they met LCL employees and their customers.