PME takes over €820m VCBV pensions

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NETHERLANDS - The Dutch metal and electrotechnical engineering sector fund PME has taken on the pensions of VCBV in a deal that will see PME's assets grow to €20.5bn.

VCBV manages the pension rights of the numerous companies, including NedCar, Faurecia Automotive Seating, and PDE Automotive. VCBV said it "no longer saw a secure basis for an independent futur...

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