Italian bank UniCredit SpA (UCG.MI) expects to receive binding offers for its asset management unit Pioneer by March, Chief Executive Federico Ghizzoni said Wednesday.

"The tender still hasn't been set, but offers should arrive by March," Ghizzoni told reporters in Milan.

People with knowledge of the situation told Dow Jones Newswires in January three international companies had expressed interest in Pioneer: French asset management company Amundi, owned by Credit Agricole SA (ACA.FR) and Societe Generale SA (GLE.FR); French bank Natixis (KN.FR); and U.K.-based Resolution Ltd. (RSL.LN).

-By Oscar Bodini, Mf-Dow Jones, and Giada Zampano, Dow Jones Newswires; +39 06 69766920; giada.zampano@dowjones.com
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