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2 clusters · 5 sources · 3 days · First seen · Last updated

Allianz increases ownership of PIMCO

Overview

In late July 2026, Allianz exercised its contractual right to terminate PIMCO’s employee‑participation plan and repurchased the outstanding “M‑Units” for roughly €1.4 billion. The buyback lifted Allianz’s holding from about 90.6 % to roughly 95 % of the bond‑specialist subsidiary, while current employees could keep their units until they left the firm and former employees retained a 4.4 % share.

A few days later, in early August, Allianz completed the purchase of the remaining employee‑held shares, acquiring the final 4.4 % stake for at least €1.4 billion. This transaction gave the Munich‑based insurer near‑full control of PIMCO and formally ended the M‑Unit programme that had been in place since 2008. Analysts described the price as fair and a pleasant surprise, and the market reaction was muted, with Allianz shares holding near their 52‑week high.

Entities

Allianz SE · Oliver Bäte · Pacific Investment Management Company (PIMCO) · Pimco · Jefferies

Timeline

  1. 18 days ago

    [BUSINESS] 2 sources
    Allianz completes €1.4 bn buyout of remaining PIMCO shares

    Allianz bought the remaining 4.4% of PIMCO for €1.4 bn, raising its stake to at least 95% and ending the employee‑ownership plan, a move praised by analysts and causing little stock movement.

  2. 20 days ago

    [BUSINESS] 3 sources
    Allianz raises stake in Pimco to 95% with €1.4 bn buyback

    Allianz bought back Pimco employee units for €1.4 bn, boosting its stake to about 95% and valuing Pimco at roughly €32 bn; analysts welcomed the deal and the stock rose modestly.

Sources

agefi.fr · finanzen.at · finanzen.ch · kapitalmarktexperten.de · letsgojapan.com