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UniCredit sells Pioneer to Amundi for more than 4 bln euros-source
December 11, 2016 / 9:16 PM / 10 months ago

UniCredit sells Pioneer to Amundi for more than 4 bln euros-source

MILAN, Dec 11 (Reuters) - Italy’s biggest bank by assets UniCredit has reached a deal to sell its asset manager Pioneer to France’s Amundi for more than 4 billion euros ($4.21 billion), a source with knowledge of the matter said on Sunday.

The deal involves a special dividend to be paid to UniCredit, the source said. ($1 = 0.9496 euros) (Reporting by Paola Arosio, editing by Silvia Aloisi)

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