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Helvetia Holding AG ( (CH:HELN) ) has issued an announcement.
Helvetia and Baloise have completed their merger, forming Helvetia Baloise, now the largest all-sector insurer in Switzerland with a strong market position in Europe. The merger has led to significant accounting impacts, as detailed in the pro forma financial information, affecting the balance sheet and income statement but not the company’s cash generation or solvency. The newly issued shares of Helvetia Baloise Holding AG are now listed on the SIX Swiss Exchange, marking a significant step in the company’s growth and market presence.
The most recent analyst rating on (CH:HELN) stock is a Buy with a CHF236.00 price target. To see the full list of analyst forecasts on Helvetia Holding AG stock, see the CH:HELN Stock Forecast page.
More about Helvetia Holding AG
Helvetia Baloise is the largest all-sector insurer in Switzerland and a leading insurance group in Europe, providing insurance, pension, and financial solutions to over 13 million customers. Headquartered in Basel, Switzerland, the company operates in eight European markets and the global Specialty Markets, focusing on long-term stability and profitable growth.
Average Trading Volume: 77,850
Technical Sentiment Signal: Buy
Current Market Cap: CHF10.46B
For detailed information about HELN stock, go to TipRanks’ Stock Analysis page.