Watchers of Pioneer Investments
], pay close attention come December 13, as UniCredit
may have big news to share by then.
| Jean-Pierre Mustier|
Chief Executive Officer
The multinational Italian banking giant confirms
that on December 13, at its "Capital Markets Day" in London, UniCredit CEO Jean-Pierre Mustier
and his team will present "the outcome of the strategic review announced on 11 July." And that strategic review includes a possible sale of $245-billion-AUM Pioneer, which reportedly could be priced at more than $3.35 billion. [See MFWire's living timeline
of the Pioneer auction for more details and history.]
Italian wire service ANSA picked up
on UniCredit's Capital Market Day revelation plans.
Per previous reports, initial, non-binding bids for Pioneer were due last week, and so far reports have outed
at least nine bidders, including at least five multinationals that (like Pioneer) have U.S. asset management arms. The FT
previously reported that word at Pioneer is that the deal will be finalized by the end of 2016.
Neil Anderson, Managing Editor
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