Allianz terminates PIMCO M Unit Plan and purchases M Units
Allianz will pay at least €1.4bn in cash for outstanding M Units, representing 9.4% ownership in PIMCO.
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Global insurance and asset management group
allianz.comLast updated
In short: Allianz expanded its stake in PIMCO and acquired HSBC's Singapore insurance unit, while advancing AI integration across its operations.
Allianz will pay at least €1.4bn in cash for outstanding M Units, representing 9.4% ownership in PIMCO.
Günther Thallinger's term ends Dec 31, 2026; board reduced to eight, new responsibilities assigned.
The deal includes a 15-year exclusive distribution agreement and expands Allianz's presence in Singapore's insurance market.
The new investment service firm uses standardized blended finance vehicles to attract private capital for emerging markets.
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Allianz SE/ Announcement pursuant to Art. 5 (1) lit. b) Regulation (EU) 596/2014 and Art. 2 (3) Delegated Regulation (EU) 2016/1052: Acquisition of own sharesAllianz...
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