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The combined Nationale Suisse and Helvetia Holding AG would be Switzerland’s third-biggest insurer.
(Bloomberg) — Nationale Suisse shares soared to the highest in almost 25 years after Helvetia Holding AG won a bidding contest to buy the company, valuing it at about 1.8 billion Swiss francs ($2 billion) and creating Switzerland’s third-biggest insurer.

Nationale Suisse, which said it was pushed into a takeover by its largest shareholders, rose 25% to 79.20 francs at 2:30 p.m. in Zurich trading, the most since December 1989. Helvetia shares dropped 0.3%.

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