European asset managers are facing consolidation pressures, with Amundi reportedly in talks to acquire Allianz Global Investors from Allianz Group. Various transaction structures are being considered, including a full takeover or a joint venture. This comes amid rising costs and fee pressures, prompting firms like BNP Paribas and Generali to explore similar mergers.
Cost pressures and competition are driving consolidation in the European asset management sector, with Amundi reportedly interested in acquiring Allianz Global Investors (AGI). Discussions have included options for a full acquisition or a joint venture, as both firms explore strategies to enhance scale amid rising costs. Meanwhile, other potential mergers are being considered in the industry, highlighting the trend towards consolidation.
UBS is in the process of acquiring full ownership of its securities joint venture in China, currently held at 67% after its partner, Beijing State-owned Assets Management, decided to auction its 33% stake. This move follows UBS's strategic exit from the securities business of Credit Suisse in China, where it sold a significant portion of its stake in CS Securities.
Assicurazioni Generali SpA is exploring a potential asset management partnership with Natixis Investment Managers. Preliminary discussions have taken place regarding the combination of their asset management operations, according to sources familiar with the matter.
Assicurazioni Generali SpA is exploring a potential acquisition of New York-based credit investment firm MGG Investment Group as part of its strategy to expand in the private asset sector. Early discussions have taken place, with a possible valuation in the hundreds of millions of dollars. Generali aims to finalize an agreement before its investor day on January 30.
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