Stratégie Amundi and Victory Capital become strategic partners

Amundi and Victory Capital today announce the closing of their previously announced transaction.

In line with the agreement announced on 9 July 2024[1]:

  • Amundi US has been combined with Victory Capital which is now managing close to $300bn[2] of assets
     
  • Amundi has become a strategic shareholder of Victory Capital
     
  • Amundi and Victory Capital have entered into 15-year distribution reciprocal agreements, which are now effective.
     

Under these distribution agreements, Amundi will distribute Victory Capital’s US-manufactured active asset management products outside of the US. Additionally, Amundi will be the supplier of non-US manufactured products for Victory Capital’s distribution in the US.

As consideration for the Amundi US business, Amundi received a total of 17.6 million shares at closing, or 21.2% of equity[3] in Victory Capital.  As the post-closing transaction adjustments progress and in accordance with the contribution agreement, we anticipate Amundi’s total equity interest to reach 26.1%3 in the following months.

The transaction, which does not include any cash consideration, is expected to result in a material increase in the contribution from US operations to Amundi’s results, leading to a low single-digit accretion of the adjusted net income and EPS of Amundi.

Valérie Baudson

Member of Executive Committee of Crédit Agricole S.A., Chief Executive Officer of Amundi
Thanks to this transaction with Victory Capital, Amundi’s clients can access a broader range of high-performing US investment solutions, while we are looking forward to providing Victory Capital’s clients with Amundi’s expertise and products. With this value-creating deal, Amundi has strengthened its presence in the US via a larger US investment and distribution platform.

Contact

Corentin Henry

Head of Press Relations and Social Media

[1] See press release available on https://about.amundi.com

[2] Figure as of February 28,2025

[3] 4.9% of voting rights

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    04.01.2025 - PR - Amundi and Victory Capital become strategic partners

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A propos d'Amundi

Premier gérant d’actifs européen parmi les 10 premiers acteurs mondiaux1, Amundi propose à ses 100 millions de clients - particuliers, institutionnels et entreprises - une gamme complète de solutions d’épargne et d’investissement en gestion active et passive, en actifs traditionnels ou réels. Cette offre est enrichie de services et d’outils technologiques qui permettent de couvrir toute la chaîne de valeur de l'épargne. Filiale du groupe Crédit Agricole, Amundi est cotée en Bourse et gère aujourd’hui plus de 2 300 milliards d’euros d’encours2.

Ses six plateformes de gestion internationales3, sa capacité de recherche financière et extra-financière, ainsi que son engagement de longue date dans l’investissement responsable en font un acteur de référence dans le paysage de la gestion d’actifs.

Les clients d’Amundi bénéficient de l’expertise et des conseils de 5 600 professionnels dans 35 pays.

Amundi, un partenaire de confiance qui agit chaque jour dans l’intérêt de ses clients et de la société.

www.amundi.com    

Footnotes

  1. Source : IPE « Top 500 Asset Managers » publié en juin 2024 sur la base des encours sous gestion au 31/12/2023
  2. Données Amundi au 31/03/2025
  3. Paris, Londres, Dublin, Milan, Tokyo et San Antonio (via notre partenariat stratégique avec Victory Capital)

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