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UniCredit, Intesa May Merge AM Units
UniCredit is in talks to merge its Pioneer Global Asset Management unit with Intesa Sanpaolo’s Eurizon Capital.
UniCredit is in talks to merge its Pioneer Global Asset Management unit with IntesaSanpaolo’s Eurizon Capital, Bloomberg reports. The new combined entity formed will manage less than 30% of the market.
The Italian bank is also in talks with Paris-based Natixis and Amundi, a joint venture of France’s Credit Agricole and Societe Generale regarding the merger. The Milan-based company initiated the talks with the backing of government officials.
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