June 18, 2020 / 5:08 AM / 14 days ago

BRIEF-Helvetia Completes Placement Of New Shares

June 18 (Reuters) - HELVETIA HOLDING AG:

* GROSS PROCEEDS OF APPROXIMATELY CHF 300 MILLION.

* NET PROCEEDS FROM SHARE PLACEMENT WILL BE USED TO PARTLY FINANCE ACQUISITION OF A 70% MAJORITY INTEREST IN SPANISH INSURER CASER FOR AROUND EUR 780 MILLION Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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