It looks like UniCredit
has come up with a short list of bidders for its Pioneer Global Asset Management
unit [see profile
reporter Fabio Benedetti-Valentini, citing a report from French
newspaper Le Figaro
that Milan-based UniCredit chose Natixis
and Ameriprise Financial
as possible bidders.
Offers are reportedly due by end-March. The price tag of the deal is estimated at 3 billion euros ($4 billion).
Ameriprise, the only U.S.-headquartered firm of the three, completed its acquisition of Columbia Management's
management business in May.
Amundi, which, like Natixis, is headquartered in Paris, is a joint venture between Crédit Agricole S.A. and Société Générale.
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