Allianz pauses talks with Amundi to form €2.8tn asset management giant

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Financial Times 2w ago

Allianz pauses talks with Amundi to form €2.8tn asset management giant - Financial Times

Quick Summary:

Allianz declined to comment on specifics but told the FT that asset management was “strategically integral” to the group and said that Allianz Global Investors was “performing well”.

Allianz would then become Amundi’s second-largest shareholder with a stake of around 30 per cent, and a roughly 20 per cent free float, people familiar with the situation said.

Some people in Amundi’s camp had envisaged a set-up where Crédit Agricole would remain the controlling shareholder of the enlarged asset manager with a stake just above 50 per cent.