Allianz Global Investors in Talks to Acquire UOB's Asset Management Unit
Allianz Global Investors is reportedly in exclusive negotiations to acquire United Overseas Bank’s (UOB) asset management unit, which manages over S$41 billion. The potential deal could be valued at up to S$600 million and would mark a strategic move for AllianzGI as it competes with other bidders like Amundi and KKR.
