According to German newspaper Handelsblatt, Lyxor’s French parent has entered exclusive talks to buy the division, beating off rival bidder Goldman Sachs.
It reported a deal could be a few weeks away.
Commerzbank’s ETFs business Comstage offers more than 100 ETF products domiciled in Luxembourg.
Lyxor holds €138.7bn assets under management and advisory, as at the end of January 2018.
The asset manager’s ETF division currently holds $84.9bn assets under management and is the second largest provider in Europe. It offers over 200 products, including fixed income and smart beta.
Lyxor chief executive Lionel Paquin told Reuters in September ETFs were a strategic focus for Societe Generale and said it was open to buying assets from rivals to cement its place as Europe’s second largest provider of the passive products.
Last month, Lyxor head of ETF strategy for Northern Europe Adam Laird was appointed the first chairman of the Investment Association’s ETF committee.
