{"id":477596,"date":"2026-06-05T11:33:08","date_gmt":"2026-06-05T11:33:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/477596\/"},"modified":"2026-06-05T11:33:08","modified_gmt":"2026-06-05T11:33:08","slug":"allianzgi-in-exclusive-talks-to-buy-uob-asset-management-sources","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/477596\/","title":{"rendered":"AllianzGI in exclusive talks to buy UOB Asset Management: Sources"},"content":{"rendered":"<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Hong Kong \u2013 Allianz Global Investors is in exclusive talks to buy the asset management division of UOB, according to people familiar with the matter.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">AllianzGI outbid rivals to emerge as the likeliest buyer of UOB Asset Management, and the details are being finalised on a transaction that could be valued at up to $600 million, the people said, asking not to be identified because the discussions are private.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Talks are ongoing and no final decisions have been made, the people said.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">A representative for AllianzGI declined to comment. UOB said it is focused on delivering long-term value for shareholders and meeting customer needs, but declined to comment further.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">UOB shares on June 5 closed up 0.6 per cent at $38.55, outperforming the benchmark Straits Times Index\u2019s 0.35 per cent drop. DBS shares ended down 0.6 per cent at $63.78, while OCBC dipped 0.25 per cent to $23.94.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">UOB <a href=\"https:\/\/www.straitstimes.com\/business\/banking\/amundi-kkr-temasek-unit-among-bidders-for-uob-asset-management-sources?ref=inline-article\" rel=\"noopener nofollow\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\">has been exploring options for its asset management arm<\/a>, including a possible sale, to streamline its portfolio, people familiar with the matter said last December. Amundi, KKR &amp; Co and Temasek unit Seviora were also among bidders for the unit.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">A key point was how much of UOB\u2019s distribution network in South-east Asia would be included, the people have said.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Established in 1986, the wholly owned UOB subsidiary has more than $41 billion of assets under management (AUM). In addition to Singapore, it has offices in Brunei, Indonesia, Japan, Malaysia, Thailand and Vietnam.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">AllianzGI had almost \u20ac600 billion ($895 billion) in AUM as at the end of March. That included equity, fixed income, private market and multi-asset strategies. The company is owned by German insurer Allianz, which also owns bond manager Pacific Investment Management Co. BLOOMBERG<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong \u2013 Allianz Global Investors is in exclusive talks to buy the asset management division of UOB,&hellip;\n","protected":false},"author":2,"featured_media":477597,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[114,268,85,46,266,267],"class_list":["post-477596","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-il","tag-israel","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/477596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=477596"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/477596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/477597"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=477596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=477596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=477596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}