UniCredit Awaits Binding Offers for Pioneer
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Thursday, February 24, 2011

UniCredit Awaits Binding Offers for Pioneer

Dow Jones has the latest buzz on the possible sale of Pioneer Investments. Pioneer's Italian parent, UniCredit, expects to see binding offers on the table for the asset manager by March, according to the report.

"The tender still hasn't been set, but offers should arrive by March," Dow Jones quoted UniCredit CEO Federico Ghizzoni as telling journalists in Milan.

Amundi and Natixis, both based in France, and U.K.-based Resolution have cropped up in previous media reports as having an interest in Pioneer.

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