June 9, 2020 / 5:54 AM / a month ago

BRIEF-Helvetia Gets Approvals For Acquisition Of Caser

June 9 (Reuters) - HELVETIA HOLDING AG:

* HELVETIA RECEIVES IMPORTANT APPROVALS FOR ACQUISITION OF CASER AND GIVES AN UPDATE ON CONSEQUENCES OF COVID-19

* ACQUISITION IS EXPECTED TO BE COMPLETED AT END OF JUNE

* FINANCIAL CONSEQUENCES FROM COVID-19 INCLUDING THIS SETTLEMENT SOLUTION WILL RUN INTO HIGH DOUBLE-DIGIT MILLIONS FOR NET INSURANCE RESULT (BEFORE TAXES)

* NET NEGATIVE IMPACT OF COVID-19 ON INVESTMENT RESULT WILL BE IN LOW THREE-DIGIT MILLIONS (BEFORE TAXES) Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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