UniCredit confirms it has received offers to acquire Pioneer Investments and that it is in discussions with potential buyers, said the bank in a statement. 

As announced on 11 July 2016, UniCredit is undertaking an in depth Group-wide strategic review, focusing on how to reinforce and optimize the Group's capital position, improve profitability and ensure continuous transformation of operations whilst maintaining flexibility to seize value creating opportunities. It encompasses all major areas of the bank.

The outcome of this strategic review will be unveiled at a Capital Markets Day in London on 13 December 2016.

As regards Pioneer Investments, there can be no certainty that these discussions will lead to any transaction nor any certainty as to the terms upon which any such transaction might potentially proceed.

Further statements will be made if and when required.