FYI: Pioneer draws its origins from one of the oldest U.S. mutual funds, created in 1928 by Philip L. Carret, a financial reporter at business weekly Barron’s. In the 1960s, Pioneer was among the first American funds to start doing business in Italy and Germany. It has a staff of about 2,000 people, with a presence in 28 countries and global hubs in Boston, Dublin and London. North America represents 18 percent of Pioneer’s assets under management, compared to less than 3 percent at Amundi.
Amundi will pay 3.545 billion euros all-cash to acquire the asset management arm of the Italian bank. Additionally, UniCredit will receive 315 million euros from Pioneer via a "pre transaction extraordinary dividend," according to a statement by the bank.
Regards,
Ted
http://www.mfwire.com/common/artprint2007.asp?storyID=55325&wireid=2Bloomberg Article:
https://www.bloomberg.com/news/articles/2016-12-11/amundi-said-to-buy-pioneer-from-unicredit-for-about-3-7-billionM*: Pioneer Family Of Funds:
http://quicktake.morningstar.com/fundfamily/pioneer-investments/0C00001QKR/fund-list.aspx
