{"id":458929,"date":"2026-03-05T13:11:09","date_gmt":"2026-03-05T13:11:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/458929\/"},"modified":"2026-03-05T13:11:09","modified_gmt":"2026-03-05T13:11:09","slug":"amundi-kkr-temasek-unit-among-bidders-for-uob-asset-management","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/458929\/","title":{"rendered":"Amundi, KKR, Temasek unit among bidders for UOB Asset Management"},"content":{"rendered":"<p>Published Thu, Mar 5, 2026 \u00b7 06:37 PM<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[SINGAPORE] Amundi, KKR and Temasek Holdings\u2019 Seviora unit are bidding for United Overseas Bank\u2019s asset management arm, according to people familiar with the matter.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The three have submitted non-binding offers to invest in UOB Asset Management, the people said, asking not to be identified because the information is private. A key aspect of the negotiations is how much of its distribution network in South-east Asia UOB is willing to include, two of the people said.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Talks are ongoing and no final decisions have been made, the people said, adding that a transaction might not materialise, while other parties could also make a bid.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">A spokesperson for UOB said the bank doesn\u2019t comment on market rumours or speculation. UOB is focused on delivering long-term value to shareholders and meeting the evolving needs of customers, the spokesperson said.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Seviora, Temasek and KKR declined to comment, while Amundi didn\u2019t respond to requests seeking comment.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">UOB has been exploring options for its asset management arm, including a possible sale, as the Singaporean lender seeks to streamline its portfolio, people familiar with the matter said in December. A transaction may value UOB\u2019s asset management business at several hundred million dollars, some of the people have said.<\/p>\n<p class=\"mb-6 border-b border-gray-250 pb-4 font-poppins text-4xs font-medium tracking-widest text-gray-515\">SEE ALSO<\/p>\n<p><a class=\"block h-full w-full\" href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/uobkhs-alpha-picks-outperform-sti-february-keppel-singtel-added-march?ref=article-see-also\" data-discover=\"true\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"relative z-10 h-full w-full object-cover\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/e7c94cc4a1ec088fed67127d9a508051f89e80ea609362ac5dbc016ee63f4b2a.webp\" alt=\"UOB Kay Hian cites Keppel's \u201cnear-term share-price catalysts\u201d as a reason for adding it in the  \u201cAlpha Picks\u201d portfolio.  \" width=\"7890\" height=\"5329\"\/><\/a>Navigate Asia in<br \/>a new global order<\/p>\n<p class=\"font-lct text-lg font-normal leading-snug -tracking-2%\">Get the insights delivered to your inbox.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Established in 1986, the wholly owned UOB subsidiary had about S$41 billion of assets under management as of the end of November. In addition to Singapore, the asset manager has a presence in Brunei, Indonesia, Japan, Malaysia, Taiwan, Thailand and Vietnam. BLOOMBERG<\/p>\n<p class=\"font-lucida text-xl font-medium italic leading-normal -tracking-5% text-gray-850\">Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.<\/p>\n","protected":false},"excerpt":{"rendered":"Published Thu, Mar 5, 2026 \u00b7 06:37 PM [SINGAPORE] Amundi, KKR and Temasek Holdings\u2019 Seviora unit are bidding&hellip;\n","protected":false},"author":2,"featured_media":458930,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":["post-458929","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/458929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=458929"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/458929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/458930"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=458929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=458929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=458929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}