Successful completion of Amundi's rights issue

Tuesday 14 March 2017

Financial Communication

In connection with its planned acquisition of Pioneer Investments, Amundi announces that the capital increase through the distribution of preferential subscription rights to its existing shareholders launched on March 14, 2017 has been successfully completed. The final proceeds1from the offering amount to €1.4 billion, corresponding to the issuance of 33,585,093 new shares. Following this transaction, Amundi becomes the first asset manager in Europe by market capitalization (€11.3 billion2), and the 5th globally, with a floating reaching 29.8%.

The completion of the acquisition of Pioneer Investments is expected to take place by the end of the second quarter of 2017 in accordance with the projected acquisition timeline.

Commenting on the transaction, Yves Perrier, Chief Executive Officer, said: “The success of this capital increase confirms our shareholders’ confidence in our growth strategy. The integration of Pioneer Investments will reinforce Amundi’s position as a European leader in the field of asset management and its growth dynamic.”

1. Gross amount, including issue premium
2. Market capitalization as of April 4, 2017
3. Includes 50,100 shares held in connection with the liquidity agreement, representing 0,025% of the total