Ceo of Italian bank Unicredit, Jean-Pierre Mustier, arrives at la Scala opera house for the Premiere of Madame Butterfly, on December 7, 2016 in Milan. Milans La Scala opens its 2016-17 season today with a performance of Madame Butterfly in its original version for the first time since the famous operas controversial 1904 premiere. Adapted from a play by David Belasco, composer Giacomo Puccinis first version of the Japanese tragedy was presented at La Scala on February 17, 1904. / AFP PHOTO / GIUSEPPE CACACE
PARIS: French fund management company Amundi is to buy asset manager Pioneer from Italian bank UniCredit for 3.55 billion euros (US$3.75bil), and will finance the deal with a debt and equity issue.
The deal is one of various disposals being pursued by newly-appointed UniCredit chief executive Jean-Pierre Mustier (pic) to boost capital levels at the Italian lender, slim it down and make it easier to manage.
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