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Amundi interested in buying Allianz Global Investors

Bloomberg
Bloomberg • 4 min read
Amundi interested in buying Allianz Global Investors
Amundi, controlled by French lender Credit Agricole, is the undisputed champion of the European asset management industry and oversees more than EUR2 trillion. Photo: Bloomberg
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Amundi is interested in acquiring control of Allianz’s asset manager Allianz Global Investors (AGI) as the French company scouts for deals amid industry consolidation, people familiar with the matter said.

Europe’s biggest asset manager has been holding on-and-off talks with the German insurance giant for several months about a deal for AGI, according to the people, who asked not to be identified because the discussions are private.

Possible structures could include a full acquisition by Amundi or a combination with AGI that would leave Allianz with a sizeable stake, they said.  

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