Amundi Said to Be Interested in Buying Allianz Global Investors

Amundi SA is interested in acquiring control of Allianz SE’s asset manager Allianz Global Investors as the French company scouts for deals amid industry consolidation, people familiar with the matter said.

Europe’s biggest asset manager has been holding on-and-off talks with the German insurance giant for several months about a deal for AGI, according to the people, who asked not to be identified because the discussions are private. Possible structures could include a full acquisition by Amundi or a combination with AGI that would leave Allianz with a sizable stake, they said.

An Allianz SE office in Berlin, Germany

Photographer: Krisztian Bocsi/Bloomberg

Allianz Global Investors had €555 billion ...