Groupama asset sales continue as spotlight turns to UK
After a busy month spent selling off a number of its overseas assets to rival insurers, attention is now likely to turn to the UK operations of the troubled French insurer Groupama.
The mutual - which less than a year ago still harboured hopes of an IPO - was downgraded to junk status by rating agency Standard & Poor's last month, adding further impetus to the asset sales.
Indeed, sources suggest the Paris-headquartered insurance group will make an announcement this...
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