RSS   Newsletter   Contact   Advertise with us

Unicredit in talks to sell Pioneer Global Asset Management

Staff Writer | December 5, 2016
Italy’s largest lender, Unicredit, said it is in exclusive talks to sell its Pioneer Global Asset Management Unit.
Unicredit
Selling   The business may be valued at as much as €3.5 billion
The company which employs hundreds of staff in its European headquarters in Dublin. French investment firm Amundi is the buyer.

The business may be valued at as much as €3.5 billion, according to reports.

Unicredit is seeking to sell the unit as part of efforts to restore confidence in the bank after its shares plunged 60 per cent this year.


 

MORE INSIDE POST