Singapore's UOB to sell asset management unit to Allianz Global Investors for $433.5 million
05/08/2026 05:52
Singapore's UOB to sell asset management unit to Allianz Global Investors for $433.5 million Aug 5 (Reuters) - Singapore lender United Overseas Bank UOBH.SI said on Wednesday that it had agreed to sell its asset management business to Allianz Global Investors for S$555 million ($433.49 million).
($1 = 1.2803 Singapore dollars)
(Reporting by Nichiket Sunil in Bengaluru; Editing by Sonia Cheema)
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