Unicredit in talks to sell Pioneer Global Asset ManagementStaff Writer | December 5, 2016
Italy’s largest lender, Unicredit, said it is in exclusive talks to sell its Pioneer Global Asset Management Unit.
Selling The business may be valued at as much as €3.5 billion
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. ■