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March 1, 2012
05:12 EDTSWZSwiss Helvetia: Hottinger, Norinvest terminate negotiations for combination
The Swiss Helvetia Fund reported that the Hottinger Group - the ultimate parent of Hottinger Capital Corp., the Fund's investment adviser - and Norinvest Holding SA, announced jointly that they have ended their previously announced negotiations regarding a proposed transaction involving certain companies in the Hottinger Group, including Hottinger & Cie SA, a Swiss private bank and a parent company of Hottinger Capital Corp., and Banque Cramer & Cie SA, a Swiss private bank and wholly-owned subsidiary of Norinvest Holding SA. Hottinger Capital Corp. has advised the Fund's Board of Directors that it is committed to continue providing undiminished investment advisory services to the Fund.
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