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Primonial Group completes acquisition of LFDE

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Primonial Group has completed the acquisition of the 60 per cent stake it did not already own in La Financière de l’Echiquier (LFDE), further to the lifting of the conditions set by the Autorité des Marchés Financiers and the approval from the Autorité de la Concurrence. 

As a result, Primonial Group now owns 100 per cent of LFDE.
 
Stéphane Vidal, Chief Executive Officer of Primonial Group, says : “We are delighted to announce the completion of the Primonial Group/LFDE deal, which sees one of France’s best financial asset management brands join Primonial Group and gives us a unique opportunity to create a leading player in France and Europe. 

:We are fully convinced that the very high level of expertise of LFDE’s existing teams will enable us to strengthen our positions by continuing to offer the most innovative and long-term solutions across all our activities, and to tackle the challenges our industry is facing, particularly with regards to client relations. The excellent performance of LFDE’s funds since the start of the year shows the ability of its asset management teams to pursue the conviction-based management approach upon which LFDE has built its success over the last 28 years, as we work together to write a new chapter in its history.”
 

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