Amundi, KKR, Temasek Unit Among Bidders for UOB Asset Management

Amundi SA, KKR & Co. and Temasek Holdings Pte’s Seviora unit are bidding for United Overseas Bank Ltd.’s asset management arm, according to people familiar with the matter.

The three have submitted non-binding offers to invest in UOB Asset Management Ltd., the people said, asking not to be identified because the information is private. A key aspect of the negotiations is how much of its distribution network in Southeast Asia UOB is willing to include, two of the people said.