Allianz Halts €2.8tn Asset Management Merger Talks with Amundi
Allianz has paused discussions with Amundi and its majority shareholder Crédit Agricole about merging its €560bn investment management arm with Amundi, which would create a €2.8tn asset management giant. The talks, ongoing for over a year, have stalled due to disagreements over the control structure of the merged entity. Allianz seeks a co-leadership role, while Amundi views the deal as an acquisition. The pause highlights the challenges of large-scale mergers in the asset management sector amid industry consolidation.