Amundi welcomes Victory Capital deal to buy First Eagle for about $7 billion

Reuters2026/08/26 10:35

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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.
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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amundi SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608260634OMX_____CNEWS_FR_GNW1001259435_fr) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Amundi welcomes Victory Capital deal to buy First Eagle for about $7 billion

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