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Helvetia Shareholders Approve Proposals and Announce Strategic Merger

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Helvetia Holding AG ( (CH:HELN) ) just unveiled an announcement.

Helvetia Holding AG’s shareholders approved all proposals at the General Meeting, including a 40-cent dividend increase due to profitable growth and strong capitalization. The company announced a new strategy focusing on operational efficiency and a planned merger with Baloise, aiming to become a leading European insurance company. The meeting also confirmed Dr. Thomas Schmuckli as Chairman and approved compensations for the Board and Executive Board.

More about Helvetia Holding AG

Helvetia Insurance, based in St. Gallen, is an international insurance group with strong Swiss roots, serving over 6.7 million customers with more than 14,000 employees. It operates in Switzerland, Spain, and the GIAM markets, focusing on being a Local Customer Champion and a Global Specialist in specialty lines and reinsurance. Helvetia emphasizes growth in the international specialty lines business and offers solutions to SME customers.

YTD Price Performance: 21.29%

Average Trading Volume: 91,122

Technical Sentiment Signal: Sell

Current Market Cap: CHF9.61B

See more data about HELN stock on TipRanks’ Stock Analysis page.

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