Baloise Holding AG ( (CH:BALN) ) just unveiled an update.
The Patria Cooperative has acquired 9.351% of Baloise Holding AG’s shares from Cevian Capital, impacting the company’s voting rights at an upcoming extraordinary general meeting concerning a merger with Helvetia. This acquisition leads to a change in the board composition of the merged entity, Helvetia Baloise Holding AG, which will now have 13 members instead of 14, as Baloise waives the nomination of an additional board member.
More about Baloise Holding AG
Baloise is a European company headquartered in Basel, Switzerland, with subsidiaries in Belgium, Germany, and Luxembourg. It has been active for over 160 years and employs around 8,000 people. Baloise offers smart financial and insurance solutions, focusing on creating a holistic service experience for its customers. In the 2024 financial year, the company generated a business volume of approximately CHF 8.6 billion. Its shares are listed on the SIX Swiss Exchange.
YTD Price Performance: 16.58%
Average Trading Volume: 114,842
Technical Sentiment Signal: Sell
Current Market Cap: CHF8.78B
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