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UniCredit shares rise on report of Amundi's 4 bln euro offer for Pioneer
October 6, 2016 / 7:16 AM / a year ago

UniCredit shares rise on report of Amundi's 4 bln euro offer for Pioneer

MILAN, Oct 6 (Reuters) - Shares in UniCredit rose more than 3 percent on Thursday after Il Messaggero daily reported that France’s Amundi had made a higher-than-expected 4 billion-euro ($4.5 billion) offer for the Italian bank’s asset manager Pioneer. * Pioneer had previously been valued at around 2.5-3 billion euros, broker ICBPI said in a note * Il Messaggero said consortium led by Poste Italiane may now try to raise its own bid for Pioneer * UniCredit was not immediately available for comment, Amundi declined to comment. ($1 = 0.8934 euros) (Reporting by Milan newsroom)

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