MutualFundWire.com: Complete Sale of Pioneer is 'Unlikely'
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Friday, November 5, 2010

Complete Sale of Pioneer is 'Unlikely'


The newly minted CEO of Pioneer Investments [see profile] parent Unicredit thinks that a complete sale of Pioneer is unlikely.

Federico Ghizzoni
 UniCredit
CEO
"We are not stopping the (sale) process," Federico Ghizzoni told a German newspaper, comments that were later picked up by Reuters. "We can imagine going for a 50-50 joint venture and we can also imagine UniCredit going below a shareholding of 50 percent."

Ghizzoni, who took the helm of UniCredit in September after the ouster of Alessandro Profumo, added: "A complete sale is rather unlikely."


Printed from: MFWire.com/story.asp?s=33942

Copyright 2010, InvestmentWires, Inc.
All Rights Reserved
Back to Top