Helvetia expandiert temperamentvoll

With the acquisition in Spain, the insurer increases the income by 15%. The price is reasonable. Nevertheless, the capital must be increased by about 5%.
The insurer Helvetia acquires a majority stake in the Spanish Caser for just under CHF 0.9 billion. After consolidation, the group volume, which was just under CHF 6 billion in the first half of 2019, will expand by around 15%. The transaction has been well received on the stock exchange.

Helvetia plans to finance a third of the purchase price by issuing new shares. This requires an increase in capital of 4 to 5%, which the shareholders' meeting on April 24 must decide on.

Europe as important as Switzerland

CEO Philipp Gmür praised the transaction as a milestone: "The 70% purchase from Caser will increase the Group's profit from the start, and there are also significant synergies to be had over the years." CHF and about CHF 90 million surplus. In the same year, Helvetia achieved a business volume of almost CHF 9 billion and a profit of CHF 414 million.