KKR (KKR), Amundi, and Temasek Holdings' Seviora unit are bidding for United Overseas Bank unit UOB Asset Management, Bloomberg reported Thursday, citing unnamed sources familiar with the matter.

The three have submitted non-binding offers to invest in the UOB unit, the report said. An important part of the talks is how much of its distribution network UOB is willing to include in Southeast Asia, the report added, quoting sources.

Discussions are ongoing and no final decisions have been reached, the report said. A deal may not be reached and other parties could also make an offer, the report added.

Amundi declined MT Newswires' request for comment, while KKR, Temasek, and United Overseas did not immediately respond.

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