01.11.2013 18:03:39
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Press Release: Shift in Nationale Suisse's shareholding structure: Swiss Mobiliar acquires 7.8 % of the shares
(MORE TO FOLLOW) Dow Jones Newswires
November 01, 2013 12:31 ET (16:31 GMT)- - 12 31 PM EDT 11-01-13
-2 of 2- 01 Nov 2013 16:31:00 UTC Press Release: Shift in Nationale Suisse's shareholding structure: Swiss Mobiliar acquires 7.8 % of the shares
Nationale Suisse / Shift in Nationale Suisse's shareholding structure: Swiss Mobiliar acquires 7.8 % of the shares . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
Swiss Mobiliar is acquiring 7.8 % of the shares in Nationale Suisse and after completion of the deal will thus have a 19.2 % stake in the insurance group. The shares originate from the holding of VHV. Nationale Suisse sees potential for further expansion of the cooperation with Swiss Mobiliar in its operational insurance business. However, now as previously the changed composition of the shareholder base keeps open all options in terms of cooperation with all core shareholders.
German VHV Allgemeine Versicherung AG is selling its 7.8 % stake in Nationale Suisse to Swiss Mobiliar. As a result VHV is no longer one of the major shareholders of the international insurance group. After completion of the deal Swiss Mobiliar Holding Ltd. (Swiss Mobiliar) will hold a total of 4 227 710 registered shares in Swiss Nationale Insurance Company Ltd (Nationale Suisse), which represents 19.2 % of the registered share capital.
Swiss Mobiliar has been a core shareholder of Nationale Suisse since August 2012. The two insurers have since then intensified their cooperation, expanding this from vehicle expertise with Swiss Mobiliar subsidiary XpertCenter Inc. to art insurance. "The intensified cooperation with Swiss Mobiliar has got off to a good start. There is most certainly potential to further reinforce it," says Hans Künzle, CEO of Nationale Suisse. "The increased involvement of Swiss Mobiliar demonstrates to us that we are perceived as an attractive company which will continue to carve out a successful future for itself. Our track record is clear proof that we have a future as an independent company."
Nationale Suisse has a broad shareholder base and with all its core shareholders it strives to exploit the potential arising from the close connection with mutually attractive cooperation ventures. "The changed composition of the shareholder base also keeps open every option in terms of cooperation with any of the core shareholders," says Hans Künzle. Nationale Suisse is maintaining the 5.0 % restriction on voting rights for shareholders.
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 1.51 billion in 2012. 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 30 June 2013, the Group employed 1 889 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@nationalesuisse.com www.nationalesuisse.com/invest or-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@nationalesuisse.com www.nationalesuisse.com/media- relations
Key dates Publication of the annual report 2013 26.03.2014 Media conference to announce financial results 26.03.2014 at Widder Hotel, Zurich Financial analysts' conference at Widder 26.03.2014 Hotel, Zurich Annual General Meeting, Basel 19.05.2014
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.
Press release: http://hugin.info/100296/R/1739861/584163.pdf
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Source: Nationale Suisse via Thomson Reuters ONE
HUG#1739861
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Nationale Suisse
Steinengraben 41 Basel
WKN: 1081197;ISIN: CH0010811971;
http://www.nationalesuisse.com (END) Dow Jones Newswires
November 01, 2013 12:31 ET (16:31 GMT)- - 12 31 PM EDT 11-01-13
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