ALLIANZ interested in GROUPAMA unit

7 May 2012 — Vlad BOLDIJAR
ALLIANZ interested in GROUPAMA unit
gan_eurocourtageALLIANZ and GROUPAMA announced that they have entered into exclusive negotiations regarding the potential acquisition by ALLIANZ of the brokerage-related activities, excluding transport, of GAN EUROCOURTAGE, a 100% subsidiary of GROUPAMA.

The potential sale of the insurance broking business could lead to a break-up of GAN EUROCOURTAGE as there is no plan yet for a sale of the business as a whole, according to REUTERS.

ALLIANZ has overtaken rival bidders that include a consortium of SWISS Re and private equity firms APAX and PAI Partners, which had offered about EUR 600 million for GAN EUROCOURTAGE and were seen as frontrunners (REUTERS).

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