The cat is officially out of the bag for at least one of the companies bidding on Pioneer Investments
]. Yet that same bidder is crying foul on the rumored pricing. And a second bidder is reportedly working on raising $2.2 billion to finance its bid. [See MFWire's living timeline
of the Pioneer auction for more details and history.]
| Perrier Yves|
Chief Executive Officer
Earlier this week Amundi
, a Paris-based multinational asset manager, officially confirmed
"its interest in Pioneer", the multinational asset management arm of giant Italian bank UniCredit
. Reports outed
Amundi as a Pioneer bidder a month ago, and earlier this month Il Messaggero reported
that Amundi was bidding 4 billion euros (now about $4.39 billion). Yet in the statement this week, the Amundi folks tried to shoot down that pricing rumor, by writing that "Amundi denies however the Pioneer valuation levels attributed to it."
, Investment Week
, and Reuters
all reported on Amundi's statement.
Also this week, Reuters reports
that, per an unnamed source, rumored Pioneer bidder Poste Italiane
(the Italian post office) is talking with banks to raise up to 2 billion euros ($2.2 billion) to support its bid for Pioneer. The wire service adds that Anima
(an asset manager) and Cassa Depositi e Prestiti
(CDP, a state lender) joined Poste Italiane's bid last month.
As previously reported
, the latest word is the UniCredit CEO Jean-Pierre Mustier
won't be making his Pioneer decision until after the Italian constitutional reform referendum vote on December 4.
Neil Anderson, Managing Editor
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