Shift in Nationale Suisse's shareholding structure: Mobiliar acquires 11.35 % of shares
(Thomson Reuters ONE) -
Nationale Suisse /
Shift in Nationale Suisse's shareholding structure: Mobiliar acquires 11.35 % of
shares
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The issuer is solely responsible for the content of this announcement.
Die Mobiliar has acquired a stake in Nationale Suisse of 11.35 % and will become
a new core shareholder of the Swiss insurance company. The shares were
previously held by Landesbank Baden-Württemberg (LBBW). Even with the new
ownership structure, Nationale Suisse will continue to go its way independently
on the basis of its successful strategy.
LBBW has sold its shareholdings in Nationale Suisse of 11.35 % to Mobiliar. With
this transaction, LBBW is no longer a majority shareholder in Nationale Suisse.
Through providing solid foundations, the bank has been instrumental in
supporting the strategic realignment of the insurance company over the last few
years. "In the meantime, we have ensured that Nationale Suisse has gained a firm
foothold in the market", said Nationale Suisse CEO, Hans Künzle.
Mobiliar to be new core shareholder
With its stake of 11.35 %, Mobiliar now belongs to Nationale Suisse's core
shareholders. "We are obviously judged to be an attractive and successful
company", Hans Künzle stated. "We are looking forward to keep building our
collaboration with Mobiliar, in particular in our home market, Switzerland".
With the acquisition, Swiss Mobiliar Holding Ltd. now holds 2'503'137 registered
shares in Swiss National Insurance Company Ltd (Nationale Suisse), which
corresponds to 11.35 % of the registered share capital. The voting right
restrictions for shareholders of 5.0 % will be maintained.
Nationale Suisse established as industry key player
Hans Künzle emphasises: "The change in shareholder structure will have no impact
on our business and does not change our belief, that Nationale Suisse has a
future as an independent and successful player in the market." Thanks to the
consistent focus on selected target groups and the purposeful development of the
Specialty Lines, but also thanks to efforts in the optimisation of all business
processes, Nationale Suisse has established itself as a key player in the
insurance industry. The company is in a very good position and is financially
sound.
The interim report for the first half of 2012 will be published on 5 September,
2012.
Brief profile
Nationale Suisse is an innovative, international and independent Swiss insurance
group providing first-rate risk and pension solutions in non-life and life
business as well as a growing number of tailored specialty lines products.
Consolidated gross premiums came to CHF 1.5 billion in 2011. The Group comprises
the parent company and about 20 subsidiaries and branch offices for focused
product lines in Switzerland, Italy, Spain, Germany, Belgium, Liechtenstein,
Malaysia, Latin America and Turkey. The headquarters of Swiss National Insurance
Company Ltd are in Basel. Nationale Suisse is listed on the SIX Swiss Exchange
(NATN). On 31 December 2011, the Group employed 1 874 staff (full-time
equivalents).
Information
Remo Meier Nationale Suisse
Investor Relations Steinengraben 41
Phone +41 61 275 22 45 4003 Basel
Fax +41 61 275 22 21 Switzerland
remo.meier(at)nationalesuisse.com www.nationalesuisse.com/investor-
relations
Christina Hartmann Nationale Suisse
Media Relations Steinengraben 41
Phone +41 61 275 23 40 4003 Basel
Fax +41 61 275 22 21 Switzerland
christina.hartmann(at)nationalesuisse.com www.nationalesuisse.com/media-
relations
Key dates
Publication of the interim report 2012 05.09.2012
Media conference to announce interim
financial results at Widder Hotel, 05.09.2012
Zurich
Financial analysts' conference at 05.09.2012
Widder Hotel, Zurich
Disclaimer and exclusion of liability
The purpose of this press release is to inform the public about certain events
or developments arising from the company's business. The information published
in this article is not an advertisement, offer or recommendation to engage in
transactions involving securities or other products of Nationale Suisse or any
other type of transaction. This press release may contain certain forward-
looking statements. Even if these forward-looking statements reflect the
opinion and expectations of Nationale Suisse, a number of risks, uncertainties
and other important factors may lead to actual developments and results
differing strongly from the expectations of Nationale Suisse. It is pointed out
expressly that the statements and projections contained in this press release
are selective in nature. Nationale Suisse provides no guarantee, either
explicitly or implicitly, regarding the accuracy and completeness of the
statements and forecasts published in this press release. Neither Nationale
Suisse nor its executive bodies or senior managers accept any liability for any
damage or losses arising directly or indirectly from the use of this press
release. Unless otherwise provided by applicable binding law Nationale Suisse
is under no obligation to update or amend the statements contained in this press
release, be it in response to new information, future events or any other
reasons.
Updated post-publication information is available on our website
www.nationalesuisse.com. You may find further details and forecasts about the
business of Nationale Suisse there.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nationale Suisse via Thomson Reuters ONE
[HUG#1637005]
Unternehmensinformation / Kurzprofil:
Datum: 29.08.2012 - 18:37 Uhr
Sprache: Deutsch
News-ID 178825
Anzahl Zeichen: 6864
contact information:
Town:
Basel
Kategorie:
Business News
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