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Amundi S.A. (AMUN.PA)

Paris - Paris Delayed price. Currency in EUR
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63.70-0.30 (-0.47%)
At close: 05:35PM CEST
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  • Bloomberg

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  • Reuters

    UniCredit aims to clinch improved Amundi deal in 2024 in fee push -source

    UniCredit wants to agree in 2024 improved terms for selling Amundi's funds to its clients, if the French asset manager is to retain its main Italian distributor after their contract runs out in 2027, a person close to the matter said. Securing better terms would help UniCredit tackle the challenge banks face as interest rates peak: growing more stable fee income to offset the waning boost from higher rates. An early renegotiation to see the contract extended on terms which are more favourable for UniCredit would allow the bank to add to its fees already from next year, the person said.

  • Reuters

    Amundi buys Alpha Associates in latest private markets tie-up

    PARIS (Reuters) -Amundi, Europe's biggest fund manager, said on Wednesday it will buy Zurich-based private markets specialist Alpha Associates, part of a growing trend of investors betting on fast-growing alternative assets. Amundi will pay a maximum of 350 million euros ($377 million) for Alpha, CEO Valerie Baudson said in a call with reporters, divided between a first payment of 160 million euros and a second of up to 190 million euros, depending on the targeted company's growth. Shares in Amundi, which is controlled by French bank Credit Agricole, fell as much as 5% in early trading as analysts noted weaker than expected inflows in some active areas and resulting pressure on management fee margins.