Victory Capital and Amundi reach definitive agreement
Transactions - JULY 9, 2024

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Victory Capital and Amundi reach definitive agreement

by Released

Victory Capital Holdings has announced that it has reached a definitive agreement with Amundi for their previously announced transaction.

Consistent with the memorandum of understanding announced on April 16, 2024, Amundi and Victory Capital have entered into reciprocal 15-year distribution agreements that will be effective upon closing of the transaction, the Amundi U.S. business (formerly Pioneer Investments) will be combined into Victory Capital, and Amundi will become a strategic shareholder of Victory Capital.

David Brown, chairman and CEO, said: “This strategic relationship accelerates the globalization of our firm through a new global distribution channel. The transaction’s structure is carefully designed to closely align our common interests.”

Under the distribution agreements, Victory Capital will be the supplier of U.S.-manufactured active asset management products for Amundi’s distribution outside of the United States. Additionally, Victory Ca

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