Amundi, KKR, Temasek unit among bidders for UOB Asset Management
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Amundi, KKR, and Temasek's Seviora unit are bidding for United Overseas Bank's asset management arm, with non-binding offers submitted. Negotiations focus on the inclusion of UOB's distribution network in Southeast Asia. Talks are ongoing, and no final decisions have been made. UOB is exploring options for its asset management business, which may be valued at several hundred million dollars. The subsidiary manages about S$41 billion in assets across several countries in the region.
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