Allianz to buy back PIMCO employee equity units for at least $1.6 billion-August 2024-www.financetom.com

Allianz to buy back PIMCO employee equity units for at least $1.6 billion

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Allianz to buy back PIMCO employee equity units for at least $1.6 billion

Jul 30, 2026 12:41 PM

July 30 (Reuters) - German insurance group Allianz

said on Thursday that it has terminated its legacy PIMCO

employee equity plan and will purchase back the units in the

plan for at least 1.4 billion euros ($1.61 billion).

($1 = 0.8674 euros)

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