Amundi employees buy up shares in IPO

SharesOver 40% of Amundi employees took part in the firm’s share offering to employees as part of its wider initial public offering in November. They took part by buying shares in the form of a reserved capital increase. The subscription price was set at €36 per share – a 20% discount to the offering price of €45 per share. Almost 1,402 employees in 13 countries, including more than half of the workforce in France, subscribed to 453,557 new shares – 0.3% of the capital and voting rights – for a total amount of €16.3 million. The settlement/delivery of the transaction took place on December 16. After the IPO, Crédit Agricole Group now holds 75.5% of Amundi; Agricultural Bank of China, through its subsidiary Faithful Way Investment, holds 2%; employees hold 0.3%; and the public, retail and institutional investors hold 22.2%. Amundi has asset under management of €950 billion worldwide. ©2015 funds europe

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