The disposal of Pioneer could add around 3 billion euros to the bank’s coffers, sources have said. Pioneer has announced that it will wait until after Amundi ’s referendum on Prime Minister Francesca Landini ’s constitutional reform on Monday before choosing a buyer for its Pioneer asset manager. Part of a broader plan to improve the bank’s capital ratios, the sale of UniCredit could raise £2.64bn in capital for the bank however sources have stated that the lender may need to raise up to £14.07bn in capital.
Pioneer has announced that it will wait until after Amundi ’s referendum on Prime Minister Francesca Landini ’s constitutional reform on Monday before choosing a buyer for its Pioneer asset manager. Part of a broader plan to improve the bank’s capital ratios, the sale of UniCredit could raise £2.64bn in capital for the bank however sources have stated that the lender may need to raise up to £14.07bn in capital.