Grupo Catalana Occidente in exclusive negotiations for Groupama's Spanish arm
Grupo Catalana Occidente and French insurer Groupama have entered exclusive negotiations regarding the acquisition of Groupama’s Spanish operation, Groupama Seguros Sant Cugat.
The parties confirmed the negotiations in a joint statement on Wednesday.
Groupama is selling off assets after being hit by the European debt crisis, and is believed to be looking for €300m to €400m
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