Brief: MoneyPark And Helvetia To Combine Their Sales Strength Across Switzerland

Helvetia Baloise Holding AG

05/09/2023 06:06

Sept 5 (Reuters) - HELVETIA HOLDING  HELN.S :
    * THE TWO COMPANIES WILL COMBINE STRENGTHS OF THEIR SALES
FORCES
ACROSS SWITZERLAND
    * MONEYPARK AND HELVETIA PLAN TO SOLIDIFY THEIR LEADING
POSITION
IN THE SWISS MORTGAGE AND REAL ESTATE  MARKET
    * BY POOLING RESOURCES, COST SYNERGIES OF CHF 6 TO 8 MILLION
COULD
BE REALISED STARTING IN 2024, WHICH ARE EXPECTED TO RESULT IN
REDUCTION OF 25 TO 30 SUPPORT ROLES
    * HELVETIA WILL WRITE DOWN VALUE OF ITS INVESTMENT IN
MONEYPARK BY
APPROXIMATELY CHF 27 MILLION IN HALF-YEAR RESULT.

Further company coverage:  HELN.S 

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