Victory Capital Shareholders Approve All Ballot Proposals At Special Meeting Of Stockholders; Reaffirms Guidance Of $100M In Expense Synergies That Are Expected To Be Fully Realized Within Two Years With The Majority Achieved Within The First Year

 

Victory Capital Holdings, Inc. (NASDAQ:VCTR) ("Victory Capital" or the "Company") today announced that the Company's stockholders voted to approve all proposals related to the previously announced contribution agreement between Victory Capital and Amundi at the Company's Special Meeting held on October 11, 2024.

David Brown, Chairman and Chief Executive Officer said: "I would like to thank our shareholders for their ongoing support as we execute on our growth strategy. This is another significant milestone as we advance toward completing the transaction with Amundi, which we anticipate will close in the first quarter of 2025. Integration is progressing as planned. We are also reaffirming our guidance of $100 million in expense synergies that are expected to be fully realized within two years with the majority achieved within the first year."

The transaction remains subject to customary closing conditions, including regulatory approvals and consents of Amundi US clients.