US EditionAmundi, Kkr, Temasek Unit Among Bidders for Uob Asset Management
Amundi SA, KKR & Co., and Temasek's Seviora unit submitted non-binding offers for UOB Asset Management, which oversees S$41 billion in assets, as UOB seeks portfolio streamlining.
6 Articles
6 Articles
Amundi, KKR, Temasek vie for stake in UOB asset unit - report
Amundi SA, KKR, and Temasek Holdings’ Seviora unit have each made non-binding bids for a stake in United Overseas Bank’s asset management division, reported Bloomberg citing sources. Those close to the talks say proposals have been submitted as part of UOB’s review of options for its asset management business. A significant topic under negotiation is how much of UOB’s distribution network in Southeast Asia would be included in any agreement, a…
KKR among bidders for UOB Asset Management
Private equity major KKR is among a group of bidders exploring an investment in the asset management arm of United Overseas Bank, according to a report by Bloomberg citing unnamed people familiar with the matter. The report cites the sources as revealing that KKR, alongside Amundi and Seviora, has submitted a non-binding offer for UOB Asset Management. Discussions are ongoing though, and no final decision has been made, while additional bidders …
The asset management subsidiary of the Singaporean group United Overseas Bank (UOB), UOB Asset Management, is a source of desire. Amundi, Crédit Agricole's management company, as well as the US alternative manager KKR and Sevora, division of the Singapore sovereign fund Temasek, allegedly submitted non-binding offers to invest in UOB Asset Management, according to Bloomberg's information, citing anonymous sources.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
