Baloise Says Main Shareholder Patria Buys 9.35% Stake Ahead of Helvetia Merger

Baloise on Friday said that Patria Genossenschaft had acquired a 9.35% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia. Patria is Helvetia’s main shareholder. The shares were acquired from Cevian Capital, Baloise said, …