Binder Groesswang has advised the Italian firm Pioneer Global Asset Management S.p.A. on the sale of its Austrian subsidiary Pioneer Investments Austria GmbH to the Amundi Group, headquartered in France.
The transaction, which closed on July 3, 2017, is part of UniCredit's EUR 3.5 billion sale of asset manager Pioneer Investment, a global transaction involving more than thirty countries.
Based on total assets under management, Amundi is the largest asset manager in Europe and one of the ten largest investment companies worldwide. Following the takeover of Pioneer Investments in July 2017, the company now manages assets amounting to over EUR 1.3 billion at six global investment centers.
The Binder Groesswang team included Partners Michael Binder and Gottfried Gassner and Attorney at Law Kerstin Pokorny.