| 2016-10-19 06:04:52|
UNCFF 06:04 10/19 10/19/16
Amundi confirms interest in UniCredit's Pioneer, denies EUR4B valuation
Following rumors in the Italian newspaper Il Messaggero, concerning the submission of a non binding offer for the purchase of UniCredit's Pioneer by Amundi, Amundi wishes to clarify the following points: Amundi confirms its interest in Pioneer, consistently with the growth strategy presented at the time of its IPO. Amundi denies however the Pioneer valuation levels attributed to it. Amundi re-iterates that its acquisition policy adheres to strict financial criteria, in particular, a return on investment greater than 10% over a three-year horizon.