Pioneer Investments is evaluating a number of strategies for its business in Russia. The company that controls several investment funds - and which in turn belongs to the Unicredit group - has made it known that "the process is in the initial stages", but "once the important decisions have been made, information on the next steps will be shared with all shareholders".
The company manages three investment funds in the country through its subsidiary Pioneer Investments Management. According to what was reported today by a Russian newspaper, the Kommersant, Unicredit would have put these funds up for sale. From Pioneer they let it be known that “Russia remains a strategic market” for the leading Italian bank, “therefore we will ensure that this business is adequately served and supported. The decision to evaluate strategic options is based only on the analysis of our business and is not a reflection of Unicredit's plans for Russia”.
