Private equity major KKR & Co is among a group of bidders exploring an investment in the asset management arm of United Overseas Bank, according to a report by Bloomberg citing unnamed people familiar with the matter.
The report cites the sources as revealing that KKR, alongside Amundi and Seviora, has submitted a non-binding offer for UOB Asset Management. Discussions are ongoing though, and no final decision has been made, while additional bidders could still emerge.
The potential transact...
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