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Report: UniCredit to choose Pioneer buyer after referendum

UniCredit SpA will wait until the Dec. 4 on Italian PrimeMinister Matteo Renzi's constitutional reform before choosing a buyer forPioneer Global Asset ManagementSpA, Reuters reported Oct. 3, citing "three sources close tothe matter."

The lender was reported Sept. 23 to havepicked four potentialbidders for the unit, granting them access to Pioneer's balance sheet.AmundiSA, Generali and a Poste Italiane SpA-led consortium are said to be threeof the four selected bidders, with AXA thought to be the fourth.

UniCredit, which is said to be planning toraise up to €16billion through a share issue and asset sales, could get approximately €3billion from the sale of Pioneer, the newswire noted.