Deals
UniCredit Said to Get Binding Bids for Up to 50% of Pioneer
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UniCredit SpA expects to receive three binding offers for as much as 50 percent of its asset management unit Pioneer Global Asset Management SpA by tomorrow, a person familiar with the matter said.
UniCredit may receive offers from CVC Credit Partners European Opportunities, Banco Santander SA and Advent Capital Management , said the person, who asked to not be identified because the talks are private. The Milan-based lender hired Morgan Stanley and BofA Merrill Lynch as advisers for the transaction, the person said. Newspaper Il Messaggero reported the news earlier today.