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Helvetia Takes Over Basler in Austria for EUR 130 Million
Helvetia takes over Basler Versicherungen in Austria for EUR 130 million, thereby becoming one of the Top 10 Austrian insurance companies.
Helvetia Takes Over Basler for EUR 130 Million / Picture: © Vindobona.org
The Helvetia Group is set to purchase Basler Versicherungen in Austria, a subsidiary of Baloise Group.
In 2013, the Vienna-based company generated a premium volume of EUR 135.3 million, of which non-life accounted for EUR 105.5 million and life for EUR 29.8 million.
Provided that the responsible regulatory authorities grant their approval, the transaction is to be…
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