The merger of Intesa SanPaolo’s asset management unit Eurizon and Unicredit counterpart Pioneer is not being examined, Intesa SanPaolo chief executive Gian Maria Gros-Pietro told Reuters on Friday.
“No, it’s not on the table,” he said on the sidelines of the Ambrosetti business forum.
In the past few days, Italian media has said a merger of the two asset managers could be an option UniCredit might consider to help beef up its capital base.
(Reporting by Gianluca Semeraro, editing by Giulia Segreti).
