Acquisition of KBI by amundi finalised

Following the announcement of the 23rd May 2016, Amundi finalises today the acquisition of Kleinwort Benson Investors (KBI) from Oddo & Cie.

Amundi acquires KBI with a majority shareholding of 87.5%, the KBI management team acquiring the remaining 12.5%.

On this occasion, KBI changes its branding to become KBI Global Investors ("KBIGI"), a name that shows the heritage of the company and identifies it clearly in international markets.

Amundi and KBIGI are highly complementary in terms of products and geographical focus: KBIGI’s expertise in global equities will significantly strengthen Amundi’s equity management offering; in return, KBIGI will leverage Amundi’s strong retail and institutional presence in Europe, Asia and the Middle East.

KBIGI is a fast-growing fund management firm specializing in equity capabilities. Based in Dublin (Ireland), with offices in Boston and New York, it employs 62 people. Its highly experienced management teams manage € 8.1 billion of assets at 31st July 20161, mainly in global equity strategies. KBIGI recorded excellent performance in recent years, and dynamic growth in assets under management: up 28% on average per year between 2011 and 20151.

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^{1. Source: KBI as of 31/07/2016}