Activist Cevian Weighs Higher Baloise Stake if Strategy Falters [Financial Post (Toronto, Ontario, Canada)]
BALOISE HLDGS UNSP/ADR (BLHEY)
NASDAQ:AMEX Investor Relations:
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Cevian Capital AB will scrutinize Baloise Holding AG's upcoming strategy overhaul to decide on whether to ramp up pressure on the Swiss insurer by increasing its stake and potentially install a board member. Cevian, which is known to push for bold management actions in its target firms, wants Baloise to focus on its core Swiss market and sell other assets, such as its German unit, as well as regional lender Solothurner Bank, according to people familiar with the talks. The strategy update is due Thursday. Subscribe now to read the latest news in your city and across Canada. Subscribe now to read the latest news in your city and across Canada. Create an account or sign in to continue with your reading experience. It also wants the Basel, Switzerland-based insurer to review costly innovation investments and increase dividends, the people said,
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