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Qualco-PIMCO deal proceeds as planned

The planned increase in PIMCO’s participation in Qualco will be concluded without significant changes.

The increase in participation was announced by the management of Qualco last September, but the process was delayed due to the pandemic.

The process has been running during the last period of time and it is expected to be completed soon. PIMCO already owns 20% of Qualco and will further increase its share, covering a full capital increase in the group’s holding company.

PIMCO will also buy a small percentage of the other shareholders.

Original Source: Euro2day

Adaptation/Summary: Kiki Athanasiadis

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