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Helvetia Holding AG ( (CH:HELN) ) has shared an update.
The Patria Cooperative has acquired a 9.351% stake in Baloise Holding AG from Cevian Capital, allowing it to vote in the upcoming extraordinary general meeting concerning the merger with Helvetia. Baloise will not nominate a seventh board member for the merger, resulting in a 13-member board for the new Helvetia Baloise Holding AG.
More about Helvetia Holding AG
Helvetia Insurance, based in St. Gallen, is a prominent international insurance group with Swiss roots, established in 1858. The company employs over 14,000 people and serves more than 6.7 million customers. Helvetia operates in Switzerland, Spain, and the GIAM region, focusing on being a Local Customer Champion and catering to the growing segment of customers over 50. The company aims for growth in international specialty lines and reinsurance, leveraging its expertise in European retail markets to offer specialty solutions to SMEs. Helvetia reported a business volume of CHF 11.6 billion and underlying earnings of CHF 528.5 million in 2024.
YTD Price Performance: 23.56%
Average Trading Volume: 88,603
Technical Sentiment Signal: Sell
Current Market Cap: CHF9.85B
For detailed information about HELN stock, go to TipRanks’ Stock Analysis page.