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Patria Genossenschaft acquires Baloise shares from Cevian Capital

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, OR IN ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW
25.04.2025 | Ad hoc announcement pursuant to Art. 53 LR
Patria Genossenschaft has notified Helvetia Holding Ltd (Helvetia) that it has acquired 4,282,758 shares in Baloise Holding Ltd (Baloise), representing 9.351% of the capital and voting rights, from Cevian Capital on 25 April 2025. The acquisition is not subject to any conditions. Patria Genossenschaft will therefore be able to vote with these shares at the Extraordinary General Meeting of Baloise to be held on 23 May 2025 regarding the merger with Helvetia announced on 22 April 2025. The parties have agreed to treat the purchase price confidential.
 
At the same time, Baloise has informed Helvetia that it will not nominate a seventh member of the Board of Directors in connection with the merger with Helvetia. As a result, the Board of Directors of the combined company Helvetia Baloise Holding Ltd will have a total of 13 (instead of 14) members after the merger. The candidates have already been announced in the ad hoc announcement dated 22 April 2025 and in the merger documents.

Contact information
Analysts
Peter Eliot
Head of Investor Relations
Phone: +41 58 280 59 19
investor.relations@helvetia.ch
Media
Jonas Grossniklaus
Head of Corporate Communications
Phone: +41 58 280 50 33
media.relations@helvetia.ch