Helvetia Holding completes Sfr300m acquisition financing

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By Aidan Gregory
18 Jun 2020

Helvetia Holding, the Swiss insurance group, has raised Sfr300m from equity investors to fund its acquisition of Spanish insurer Caser, which it announced in January.

Launched after the market close on Wednesday evening, the placing consisted of 3.3m shares, a 6.8% capital increase. At the Sfr91 offer price, investors received a 2.26% discount to the closing price of the stock on the day.

According to a source familiar with the matter, the ...

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