Renewable Energy

Allianz, Amundi consider options for deal with DWS - sources

Credit: REUTERS/Kai Pfaffenbach

Allianz and Amundi are each considering their options in a potential deal with Deutsche Bank's asset management unit DWS, people close to the matter said on Wednesday.

FRANKFURT, April 24 (Reuters) - Allianz ALVG.DE and Amundi AMUN.PA are each considering their options in a potential deal with Deutsche Bank's asset management unit DWS DWSG.DE, people close to the matter said on Wednesday.

Germany's biggest insurer and the French asset manager mostly owned by Credit Agricole CAGR.PA, are each working with advisors to examine a possible deal, the people said.

Allianz has lined up Barclays BARC.L to advise on a potential transaction, which could be structured as a merger between Allianz Global Investors and DWS, the people said.

Amundi's advisor could not immediately be confirmed.

As Deutsche Bank DBKGn.DE is weighing a possible tie-up with Commerzbank CBKG.DE, Germany's flagship lender is considering a deal involving DWS and is in talks with Swiss bank UBS UBSG.S, three different people said, confirming a report in the Financial Times of "serious" merger talks.

Allianz, Amundi, DWS, UBS and Barclays declined to comment.

(Reporting by Arno Schuetze Editing by Tassilo Hummel)

((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters Messaging: arno.schuetze.reuters.com@reuters.net))

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