Cevian Capital sold its 9.4% stake in Baloise to Patria Genossenschaft—which owns 34.1% of Helvetia—in an unconditional deal at an undisclosed price, Baloise said Friday.

The insurers said the deal would be structured as a merger of equals with a combined market value of $22.38 billion.

Baloise on Friday said that Patria Genossenschaft had acquired a 9.45% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia.

Baloise and Helvetia are merging to form the second-largest insurance group in Switzerland. The merger should bring financial ...

Baloise publishes financial condition report and discloses a healthy solvency ratio 28-Apr-2025 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR (SIX) and pursuant to Art. 16 ...

The activist Swedish investor is withdrawing from Baloise and selling its stake to Helvetia's largest shareholder.

The deal values Baloise at about 8.4 billion Swiss francs ($10.4 billion) based on the firms’ latest closing prices, while Helvetia had a market capitalization of 9.6 billion francs as of last week.

Helvetia Holding AG’s biggest shareholder has bought Cevian’s 9.4% stake in Baloise Holding AG, paving the way for the merger ...

Baloise’s largest investor has sold its stake to Helvetia’s top shareholder, days after the Swiss insurers announced a merger to create a group with a combined market value of around 18 ...

Helvetia and Baloise said they are joining forces to create Switzerland’s second-largest insurer, with a combined market value of 18.1 billion Swiss francs ($22.38 billion), in the latest of a ...

Helvetia Holding and Baloise Holding said they plan to merge to create Switzerland's second-largest insurer, with a combined market value of 18.1 billion Swiss francs ($22.38 billion).