The disposal of Pioneer could add around 3 billion euros to the bank’s coffers, sources have said. UniCredit has announced that it will wait until after Italy ’s referendum on Prime Minister Matteo ' ’s constitutional reform on 4 June before seeking a buyer for its Pioneer asset manager . Part of a broader plan to improve the bank ’s capital structure , the sale of Pioneer will raise £ 2.64bn in capital for the bank however sources have suggested that the bank may need to raise up to £ 14.07bn in capital .
UniCredit has announced that it will wait until after Italy ’s referendum on Prime Minister Matteo ' ’s constitutional reform on 4 June before seeking a buyer for its Pioneer asset manager . Part of a broader plan to improve the bank ’s capital structure , the sale of Pioneer will raise £ 2.64bn in capital for the bank however sources have suggested that the bank may need to raise up to £ 14.07bn in capital .