Grupo Catalana Occidente enters motor insurance top five after Groupama swoop
Grupo Catalana Occidente and INOCSA have signed a binding purchase agreement to acquire Groupama Seguros y Reaseguros SAU, Groupama's Spanish subsidiary.
The transaction gives Grupo Catalana Occidente a 49% equity stake in Groupama Seguros, and INOCSA (GCO's majority shareholder) the remaining 51%.
The agreement values 100% of the equity capital of
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