April 15, 2019 / 5:11 AM / 5 months ago

BRIEF-Baloise Holding Buys Belgian Insurer Fidea For EUR 480 Mln

April 15 (Reuters) - BALOISE HOLDING AG:

* IS ACQUIRING BELGIAN INSURER FIDEA NV FOR EUR 480 MILLION

* DEAL WILL INCREASE BALOISE’S SHARE OF ATTRACTIVE NON-LIFE BUSINESS IN BELGIUM BY 1.7 PERCENTAGE POINTS TO 8.5 PER CENT

* IN LIFE BUSINESS, ACQUISITION WILL INCREASE MARKET SHARE BY 0.7 PERCENTAGE POINTS TO 4.2 PER CENT Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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