Victory Capital’s Major Deal with Amundi Approved

The latest update is out from Victory Capital Holdings ( (VCTR) ).

Victory Capital Holdings, Inc. shareholders have approved all proposals related to a significant transaction with Amundi Asset Management, which is expected to close in early 2025. This strategic move is anticipated to achieve $100 million in expense synergies, with most benefits realized within the first year. While the integration is on track, the completion of the transaction is contingent on regulatory approvals and Amundi US client consents.

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