Vontobel sells Helvetia stake to Patria Genossenschaft

Vontobel sold its stake in Helvetia Holding AG to Patria Genossenschaft on 2 November 2016. This move does not affect the good and long-standing business relationships between Helvetia and Vontobel.

 

On 2 November 2016, Vontobel sold its 4% stake in Helvetia Holding AG to Patria Genossenschaft. Following the completion of this transaction, the latter will have a 34.1% equity interest in Helvetia Holding AG.

 

With this sale, Vontobel is leaving the shareholder pool formed together with Raiffeisen and Patria Genossenschaft. Since Patria Genossenschaft acquiring the shares, this pool will continue to have a combined equity stake of 38.1% in Helvetia Holding AG after the transaction.

 

Vontobel has played a key role in providing assistance and support in Helvetia’s successful development, both as a member of the shareholder pool and as a cooperation partner. This move does not affect the good and long-standing business relationships between Helvetia and Vontobel.

 

The sale will have a one-off positive effect of around CHF 91 million on Vontobel’s after-tax profit in 2016.

 

In selling its Helvetia shareholding, Vontobel is focusing its capital on its own operating business. The transaction will release capital, and will thus strengthen Vontobel’s BIS Tier 1 ratio (CET1) by around 2 percentage points.

 

 

Contacts:

Media Relations:	Peter Dietlmaier	+41 58 283 59 30
	Rebeca Garcia	+41 58 283 76 69
Investor Relations:	Michel Roserens	+41 58 283 76 97
	Susanne Borer	+41 58 283 73 29

         
    
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