Information related to acquisition project

On December 12th 2016, Amundi has announced that it has signed a binding agreement with UniCredit in order to acquire Pioneer Investments for an all-cash consideration of €3,545 million. As part of the transaction, Amundi will form a long term strategic partnership with UniCredit for the distribution of asset management products.

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Related themes

  • 09.04.14 - Corporate

    Recognised expertise

    Extra-financial analysis forms the substance of responsible finance, assessing the quality of issuers' environmental, social and governance (ESG) policy. Underlying this approach is the conviction that the association of financial and general interest criteria can consolidate value creation. By taking into account the interests of all the stakeholders, it generates the confidence that is a prerequisite for success while limiting risks.Extra-financial analysis is highly pragmatic: rather than judging any business sector, it analyses how, within a given sector, companies handle ESG opportunities and risks. Only the most advanced companies are selected: this is best-in-class analysis.In order to round out this approach and encourage companies to adopt best practices, we have implemented an engagement policy. While voting at shareholders' General Meetings remains our main path of action, fostering dialogue “for influence” with companies on a regular basis is essential. When spurred by structured extra-financial analysis and a stronger engagement policy, competition among the best companies can become a source of progress.We rely on significant resources: 15 analysts dedicated to ESG issues (extra-financial analysis, quantitative research, corporate governance). The analysts meet with companies, contribute to defining Amundi Group's voting policy at General Meetings, initiate dialogue with companies and draft research protocols to assess the impact of ESG criteria on fund performance; The analyses of partners: ESG rating agencies, European and American, with a global reach Entities specialising in given themes Data providers on controversies 1 distribution interface, available in real time in the fund managers' tools, giving them access to corporate and government issuers' extra-financial ratings alongside financial ratings;

  • 09.04.14 - Corporate

    Corporate analysis

    We have perfected our own extra-financial analysis methodology. It is based on texts with a universal scope, like the United Nations Global Compact, the OECD's guiding principles on corporate governance, the International Labour Organization (ILO), etc.We refer not only to companies' sector context, but also to their regional and legislative environment. Our analysis also factors in major issues such as climate change, child labour and transparency in business conduct.Our internal reference values are comprised of 36 criteria: 15 generic criteria, common to all companies whatever their business sector, for instance environmental strategy, human rights, transparent governance policy; 21 sector-specific criteria, for instance access to drugs for the pharmaceuticals industry, responsible marketing for banks, green vehicles for the automotive sector. Criteria are weighted according to the business sector. The greater the risk associated to a criterion, the greater the weight attributed to this criterion.Our extra-financial analysis covers more than 4,000 issuers. The analysis results in a global extra-financial rating for the issuer on a scale from A (highest score) to G (lowest score).