On December 12, 2016, Amundi announced an agreement to acquire Pioneer Investments from UniCredit.
Under the terms of the agreement, Amundi will acquire Pioneer Investments for a cash consideration of €3,545 million, and Amundi and Pioneer’s parent UniCredit will form a long term strategic partnership. The transaction is expected to close in the first half of 2017 and is subject to closing conditions, as well as antitrust and regulatory approvals.
Amundi is a Paris-based global asset management firm with six investment hubs worldwide. Amundi works with over 100 million retail clients and 1,000 institutional clients. As of September 30, 2016, Amundi had over €1,000 billion in assets under management worldwide.
Pioneer Investments is an international asset manager specializing in fixed income, multi-asset and global equities. As of September 30, 2016, Pioneer Investments had €222 billion in assets under management.
To read the press release: please click here.