Helvetia to grow insurance presence with majority stake in Spain's Caser
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ZURICH/MADRID (Reuters) - Swiss insurer Helvetia has agreed to buy up to 70% of Spanish insurer Caser for 780 million euros (£657 million) from Spanish banks and from French insurer Covea as it seeks to expand beyond Switzerland, it said on Friday.Helvetia has reached an agreement with various shareholders to buy their equity and other shareholders have an option to sell their shares to the firm on the same conditions, which is expected to give the insurer 70% of Caser.Holders of the remaining..