Amundi SA is considering buying Allianz Global Investors, a subsidiary of Allianz SE, according to a report from Bloomberg published yesterday (4 December).
The article stated that an initial joint venture between the two firms has been discussed, as well as a full acquisition by Amundi.
AllianzGI currently has €550bn in assets under management, according to its website, while Amundi’s assets stood at €2.2trn as of 30 June 2024.
Rumours surrounding a proposed combination began more than a month ago, according to a Reuters article published at the end of October, with the German insurer seeking to grow the asset management arm of its business.
A spokesperson from Amundi declined to comment.
Amundi, which has grown through numerous acquisitions over the years, also agreed to purchase Alpha Associates in February this year. The asset manager, based in Zurich, provides private market, multi-manager solutions to investors.