The deal is still subject to an agreement being prepared by both parties and regulatory approval.
Commenting on the potential acquisition, GCS Capital CEO Huan Guocang said Dexia Asset Management is a well-capitalized, standalone asset management business with the capacity to evolve into a global franchise.
Dexia has already disposed of its Belgian retail arm, its Luxembourg-based unit and its Turkish subsidiary, in a bid to pay back the state aid it received.
Following €5.5bn capital infusion into Dexia in November, the lender is fully controlled by France and Belgium.
DAM, which has €80bn of assets under management as well as 550 staff globally, offers asset management services to both institutional and private investors in 25 nations.
HSBC Bank is serving as sole financial advisor to GCS Capital in connection with the proposed transaction.
