UniCredit chooses the French: Amundi is exclusive to Pioneer, outside the set with a Cdp – Corriere della Sera

A failure for the floor Italian. The items, together with the Cassa depositi e prestiti and Soul, not be able to detect by Unicredit Pioneer, the company that manages the investment funds for many Italian investors. UniCredit and Amundi communicate, in fact, with a joint note of you have started the negotiation exclusively to the possible sale of the assets of Pioneer Investment. The bank of Jean Pierre Mustier chooses the French. Listed on the stock exchange by November 2015, Amundi is the most important asset manager of the european assets under management, with more than a thousand billion euro under management at the global level. With offices in Paris and six management centers in the major international financial centres, Amundi stresses of having gained the trust of its customers thanks to in-depth expertise in the research and experience of the market. Is the trusted partner of 100 million individual customers, remember, thousands of institutional customers and thousands of distributors in more than 30 Countries, for which it develops innovative products and services, and performing, suitable to their needs and their specific risk profiles. But that is not Italian.

items

Francesco Caio (Post)

According to some sources cited by Reuters, with a prediction confirmed to the Corriere della Sera from other authoritative sources, Amundi would be well more than 3.5 billion euros for Pioneer , the arm of the bank, led by Jean Pierre Mustier in managed savings. Unicredit is exploring the sale of the goods with the new ceo and is expected to reveal the strategic plan on the 13th of December. Amundi would beat so the Italian consortium led by the Italian post office with Cdp and Soul, and a rival of Ameriprise Financial.

The retreat

At these prices Unicredit goes with the French, it is the reasoning of Placed at the apex of which sits the ceo, Francesco Caio, while you wait for the 13 for the definition of the agreement of Unicredit with Amundi. The choice of Unicredit prefer the French, as the French, the chief executive officer of the bank , arrives in the morning of the outcome of the referendum, a choice that may seem, therefore, also political and institutional. The retreat of the items, listed company but it is still partially public, as well as the Cassa depositi e prestiti, takes place in function of a discipline, economic and financial, which does not allow excesses and imbalances in the investment, having more than that please the shareholders, also protect the private savings of families. “As a result of further analysis and in-depth analysis performed – says the company led by Caio in a statement – (Post, ed.) he concluded, in agreement with its partners , the state, a task, the higher the value, also taking account of other opportunities for external growth pursued through the strengthening of the alliance with the Soul, would not be in line with the objectives of return appropriate for its shareholders”.

The growth in the Soul

While formalizes the output of the running for the Pioneer, Asked reaffirms, in fact, the intention to strengthen asset management, one of the pillars of its industrial plan, together with digital platforms for payment and logistics. And salt in the Soul. The company listed on the Stock exchange and privatised partially a year ago, in fact, has finalized its plan of strengthening of the alliance with a core Holding which will provide within the first half of 2017, BancoPosta Fondi Sgr, it said in a note of the company. Following this transaction, Poste will increase its share of participation in the Soul from 10.3% to 24.9%, becoming with the reference member of a group with assets under management of approximately 145 billion euros. After a start-up in growth in the Stock exchange, the title that the post office has found stability with a -0,09% in the early afternoon.

December 5, 2016 (change the 5 December 2016 | 13:10)

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