Media information Sale of subsidiaries completed
Basel, 12 March 2014. The Baloise Group has completed the sale of its Croatian
and Serbian subsidiaries to the Austrian UNIQA Group.
On 22 October 2013, Baloise announced that it was selling its companies in
Croatia and Serbia to UNIQA for EUR 75 million and withdrawing from its
business operations in south-eastern Europe. As already disclosed last year,
Baloise expects to incur a one-time loss of around CHF 30 million as a result
of its withdrawal from these markets.
Baloise Group, Aeschengraben 21, CH-4002 Basel
Email: firstname.lastname@example.org / email@example.com
Media Relations: Dominik Müller, tel. +41 58 285 84 67
Investor Relations: Marc Kaiser, tel. +41 58 285 81 81
Media information at www.baloise.com
All information is now available on our website at: www.baloise.com.
Headquartered in Basel, Switzerland, the Baloise Group is a European provider
of insurance and pension solutions. It positions itself as an insurer with an
intelligent risk-prevention concept, the "Safety World". In Switzerland, the
Group operates as a specialised provider of financial services, offering a
combination of insurance and banking services. The Group also has a market
presence in Germany, Belgium, Luxembourg, Austria and Liechtenstein. Its
distribution network includes its own sales organisation as well as brokers
and other partners. Baloise operates its innovative life and pensions business
for private customers throughout Europe, with its competence centre in
Bâloise Holding Ltd shares are quoted in the main segment of the SIX Swiss
Stock Exchange. The Baloise Group employs some 8,000 people.
Media information (PDF)
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