Activist investor Cevian unimpressed by Baloise proposals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 12 2024
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Source: Reuters
Cevian's Criticism: Activist investor Cevian expressed dissatisfaction with Baloise's proposals to enhance performance, stating that they lack the necessary focus and ambition for the company to excel in the Swiss insurance market.
Baloise's Plans: Baloise announced plans to improve return on equity, reduce workforce, and consider share buybacks, but these measures were deemed insufficient by Cevian, who holds a 9.4% stake in the company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
