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Unicredit in talks to sell Pioneer Global Asset Management

Staff Writer |
Italy’s largest lender, Unicredit, said it is in exclusive talks to sell its Pioneer Global Asset Management Unit.

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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.

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