UniCredit sells Pioneer to Amundi for more than $4.2 billion: source
![ITALY-BANKS-FUND](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2018/02/931/506/2016-12-11T213216Z_1_LYNXMPECBA0RY_3_ITALY-BANKS-FUND-2.jpg?ve=1&tl=1)
Italy's biggest bank by assets UniCredit has reached a deal to sell its asset manager Pioneer to France's Amundi for more than 4 billion euros ($4.21 billion), a source with knowledge of the matter said on Sunday.
The deal involves a special dividend to be paid to UniCredit, the source said.
(Reporting by Paola Arosio, editing by Silvia Aloisi)