By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui
LONDON (Reuters) – Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale.
AllianzGI, which oversees 555 billion euros ($560 billion) of assets according to its website, could be valued at more than 4 billion euros, including debt, one of people said.
Allianz could consider giving up control in such a move, that person and a second one said. The people were speaking on condition of anonymity because the matter was private.
It is one of Europe’s biggest insurers and also owns asset manager Pimco. The Pimco business is not part of the discussions, according to the sources.
A spokesperson for Allianz declined to comment.
($1 = 0.9260 euros)
(Reporting by Amy-Jo Crowley, Alexander Huebner, Andres Gonzales and Anousha Sakoui. Additional reporting Emma-Victoria Farr and David French. Editing by Elisa Martinuzzi)
