UPDATE 1-UniCredit reaches asset management deal with Santander

April 23, 2015 6:39 PM

49 0

MILAN, April 23 (Reuters) - UniCredit and Banco Santander agreed on Thursday to merge their asset management businesses in a deal valuing the new group at some 5.4 billion euros ($5.8 billion).

The deal, confirming a Reuters report on Wednesday, will create one of Europe's leading asset gatherers with 400 billion euros under management and total net inflows last year of more than 25 billion euros.

Read more

To category page

Loading...