Amundi welcomes Victory Capital deal to buy First Eagle for about $7 billion
VCTR•Victory Capital agrees to buy First Eagle for about $7 billion
Victory Capital agreed to buy First Eagle Investments for about USD 7 billion, creating a diversified asset manager with USD 571 billion in AUM.
Amundi holds a 27% economic stake in Victory Capital, positioning it to remain the top shareholder once the deal closes.
Victory Capital forecast a significant lift to earnings per share, supported by about USD 280 million in expected net cost synergies.
Amundi sees benefit from the combined distribution and integration
The combination is expected to support Amundi’s non-US distribution of Victory Capital and First Eagle investment strategies.
Amundi expects a positive effect on its earnings per share once First Eagle is fully integrated and the projected synergies are realized.
