The parent of Columbia Threadneedle
] and two other bidders may be the only serious remaining contenders in the Pioneer Investments
| James Cracchiolo
Ameriprise Financial, Inc.
Chairman and CEO
, the consortium led by Poste Italiane
, and Amundi
are the contenders, Francesca Landini and Stephen Jewkes of Reuters
report, per unnamed sources. The wire service notes that Amundi offered the highest bid and that Macquarie's
(Macquarie is the parent of Delaware Investments) "was the least attractive" so the Australian firm is "practically out of the race."
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attempt to sell Pioneer.
A fifth bidder, Aberdeen, publicly dropped out
of the Pioneer race a week ago. At the time Aberdeen's chief revealed that the price tag on Pioneer had reached 3.5 billion euros ($3.7 billion), which he said Aberdeen "couldn't quite afford."
An unnamed source now tells Reuters
that, though Amundi is offering the best price for Pioneer, UniCredit isn't considering price alone.
Per previous reports, UniCredit's chief is expected to wait until after a December 4 Italian constitutional referendum before making his decision on what to do with Pioneer. (UniCredit is a giant Italian bank.)
Neil Anderson, Managing Editor
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