Key facts
- Allianz Global Investors is in exclusive talks to buy UOB Asset Management.
- The deal involves the asset management division of United Overseas Bank Ltd.
Allianz Global Investors (AllianzGI) is reportedly in exclusive negotiations to acquire the asset management division of Singapore's United Overseas Bank Ltd. (UOB). This potential acquisition, if successful, would mark a significant move for AllianzGI in expanding its footprint within the Asian financial market. The specifics of the deal and its valuation have not yet been disclosed, as the parties are still in exclusive talks.