Dexia In Talks With New York Life About Asset Manager Sale

Law360, New York (September 20, 2013, 1:41 PM EDT) -- Franco-Belgian investment services company Dexia Group has entered exclusive negotiations with New York Life Investments to sell its massive asset management arm for a yet-undisclosed amount, Dexia said Thursday.

Acquiring Dexia Asset Management will give its future owners access to European, Asian and Australian markets. The company says it invests €73 billion ($100 million) across all asset classes.

“All the viable entities will be sold so that they could find a new future with new investors,” Dexia spokeswoman Caroline Junius told Law360 on Friday. “Dexia Asset...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.