Media information
Sale of Basler Austria completed
Basel, 29 August 2014. The Baloise Group has completed the sale of Basler Versicherungs-Aktiengesellschaft in Austria to Helvetia Group.
On 15 May 2014, Baloise announced that, as part of its strategy of focusing on core markets, it was selling its Austrian subsidiary to Helvetia for CHF 160 million. The transaction is expected to generate a one-off profit of around CHF 70 million in the second half of 2014.
Going forward, Baloise will increase its focus on profitable and high-growth segments in its core markets of Switzerland, Germany, Belgium and Luxembourg.
Further information
Media information available at www.baloise.com
Important dates
- Friday, 14 November 2014: Q3 2014 interim statement
Contact
Baloise Group, Aeschengraben 21, 4002 Basel, Switzerland
Website: www.baloise.com
Email: media.relations@baloise.com / investor.relations@baloise.com
Media Relations: Dominik Müller, tel. +41 58 285 84 67
Investor Relations: Marc Kaiser, tel. +41 58 285 81 81
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