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13 February 2012

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CA, SocGen property JV Amundi aims at aggressive growth

Amundi Real Estate, formed by the January merger of property asset management of French banks Crédit Agricole and Société Générale, aims to draw on both networks to double market share in France by 2015, says CEO Nicolas Simon. It is also targeting financial engineering solutions and specialised funds at institutions. Owned 75% by CA and 25% by SocGen, Amundi RE has E5.2bn in property AUM. It brings together CAAM Real Estaate and SGAM REIM, and starts with operations in France, Italy, Japan, Morocco and Luxembourg.

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