Amundi Supports Victory Capital's Acquisition of First Eagle Investments

Amundi, a leading European asset manager, has welcomed Victory Capital's definitive agreement to acquire First Eagle Investments for approximately $7 billion. This acquisition will create a $571 billion global asset manager. Amundi, a strategic partner and shareholder of Victory Capital, supports this transaction and foresees continued distribution partnerships under Victory Capital's leadership.

As a 27% shareholder in Victory Capital, Amundi anticipates positive financial impacts from this transaction, which is expected to be accretive on Victory Capital's earnings per share. The deal's anticipated synergies are estimated at around $280 million, which should benefit Amundi's earnings per share post-integration.