Vontobel sells its Helvetia shares to Patria Genossenschaft

Vontobel sold its capital interest of 4.0% in Helvetia Holding AG to Patria Genossenschaft on 2 November 2016. Once the transaction has been completed, Patria Genossenschaft will hold 34.1% of the shares of Helvetia Holding AG.

With the sale of its capital interest, Vontobel is leaving the shareholder pool, the other members of which are Raiffeisen and Patria Genossenschaft. After the takeover of the shares by Patria Genossenschaft, the shareholder pool will still own 38.1% of Helvetia Holding AG.

As a member of the shareholder pool and a cooperation partner, Vontobel substantially contributed to and supported the successful development of Helvetia. This transaction will not affect the longstanding and good business relations between Helvetia and Vontobel.