UniCredit plans to pull money invested through Amundi by mid-2027, Bloomberg reports

Amundi SA

28/10/2025 14:04

Oct 28 (Reuters) - UniCredit CRDI.MI is rapidly cutting the amount of client money it invests through French fund manager Amundi AMUN.PA and wants to reduce the level to almost zero in less than two years, Bloomberg News reported on Tuesday.

The Italian bank is reducing business with Amundi despite breakup penalties, the report said, citing people familiar with the matter.

Reuters could not immediately verify the report.

 (Reporting by Harshita Meenaktshi in Bengaluru; Editing by Jan Harvey)

 ((HarshitaMeenaktshi.R@thomsonreuters.com;))