Genan loss may be more than £100 million

The losses Danish pension fund administrator PKA has incurred through its investment in recycler Genan may be even higher than previously thought. On 29 August, the Jyllands-Posten (Jutland Post) shared new evidence that indicates PKA’s losses to be Kr 1 billion (£106.2 million), rather than the Kr 830 million that PKA had calculated. If this new figure accurately reflects the loss PKA has incurred due to its involvement in the tyre rubber recycler, then it represents a loss of Kr 3,800 (£403) for each of the pension fund administrator’s 260,000 members.