Allianz, Amundi stop talks over combining asset management businesses

Allianz, Amundi stop talks over combining asset management businesses

FILE PHOTO: The logo of insurer Allianz SE is seen on the company building in Puteaux at the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018. REUTERS/Charles Platiau/File photo

Allianz and Amundi have paused discussions about combining their asset management businesses into a European investment giant that would manage nearly 2.8 trillion euros ($3 trillion) in assets, a source close to Allianz said.