Bâloise Luxembourg to buy Winterthur Europe VieWinterthur/Basel/luxembourg, 22 December 2006. Bâloise Luxembourg, a subsidiary of the Swiss Baloise Group, is set to acquire Winterthur Europe Vie (WEV).
With this acquisition, Bâloise Luxembourg will boost its core competence in the growth field of investment-linked life insurance. The 20-strong staff of WEV will be integrated in Bâloise Luxembourg. The deal is scheduled to be closed in January 2007.
The combined unit will have a business volume of more than EUR 300 million, which puts it in Luxembourg among the 10 largest providers of life insurance solutions under the free movement of services.
Bâloise Holding Ltd shares are quoted in the main segment of the SIX Swiss Stock Exchange. The Baloise Group employs some 8,000 people.