Amundi confirms interest in UniCredit's Pioneer Investments

Denies €4bn offer

Amundi has confirmed its interest in Pioneer Investments, the asset management business owned by Italian bank UniCredit.

However, the French firm issued a statement to deny it had made a €4bn offer, which had been attributed to it in various media reports. The statement said: "Following rumours in the Italian newspaper Il Messaggero concerning the submission of a non binding offer for the purchase of Pioneer by Amundi, Amundi wishes to clarify the following points: "Amundi confirms its interest in Pioneer, consistent with the growth strategy presented at the time of its IPO." "Amundi denies however the Pioneer valuation levels attributed to it. Amundi re-iterates that its acquisition policy adheres t...