The French bank is preparing to offload its asset management arm, the second time in a year the fund management business has reportedly been up for sale

French banking giant Societe Generale is preparing to offload its asset management arm, the second time in a year the fund management business has reportedly been up for sale.

, the bank has hired Citigroup to conduct a search for willing buyers of its Lyxor unit, which oversees €147.5bn of assets.

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Societe Generale preps sale of Lyxor arm

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