Four suitors file binding offers for UniCredit’s Pioneer, say sources: Reuters

France’s Amundi (AMUN.PA), a consortium led by Poste Italiane (PST.MI), Australia’s Macquerie (MQG.AX) and U.S.-based Ameriprise Financial (AMP.N) have submitted binding offers to buy UniCredit’s (CRDI.MI) asset manager Pioneer, two sources close to the matter said on Friday.

One of the sources said UniCredit would shortlist two of the four bidders by Monday, aiming to take a final decision by the buyer by Dec. 10.

One of the sources said the offers are valuing the asset manager between 3.2 billion ($3.48 billion) and 3.4 billion euros, excluding a 325 million euro cash position held by Pioneer.

The other source indicated a value range of 3.7-4.0 billion euros, yet without clarifying if this included Pioneer’s liquidity.