Pioneer: Aberdeen may join Poste Italiane consortium – report (translated)
01 NOV 2016
Aberdeen, the UK asset management company bidding for Pioneer, the asset management unit of Unicredit, the listed Italian financial services group, could join an Italian consortium led by Poste Italiane, Italian language language daily Il Messaggeroreported. The unsourced report said that if the alliance with Poste Italiane goes ahead, Pioneer would be broken up, with Aberdeen taking over Pioneer's US assets.
The report added that the deadline for binding offers is 10 November.
The other members of the Poste Italiane consortium are listed Italian asset management group Anima and CdP, the holding of the Italian Treasury
As previously reported, Pioneer could sell for as much as EUR 4bn.