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Poste in talks over 2 bln euro bank financing for Pioneer bid- source

Reuters - UK Focus

ROME, Oct (Shenzhen: 000069.SZ - news) 18 (Reuters) - Italy's Poste Italiane (Dusseldorf: 29884131.DU - news) is in talks with a group of banks to raise up to 2 billion euros ($2.2 billion) in financing to support a possible acquisition of UniCredit (EUREX: DE000A163206.EX - news) 's asset management arm, a source close to the matter said on Tuesday.

Italy's post office last month submitted a preliminary offer for UniCredit's Pioneer Investments together with state lender Cassa Depositi e Prestiti (CDP) and asset manager Anima Holding (Dusseldorf: 124.DU - news) . UniCredit is selling assets to shore up its capital.

The Poste-led consortium is competing against French asset manager Amundi (Berlin: 350155.BE - news) , Australia's Macquarie and British group Aberdeen Asset Management (Other OTC: ABDNF - news) , sources have said. Amundi is said to be leading the race with a higher-than-expected 4 billion euro offer.

($1 = 0.8928 euros) (Reporting by Alberto Sisto; writing by Francesca Landini; editing by Stefano Bernabei and Valentina Za)