Insurance Post

Groupama holds firm on Societe Generale investment

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Groupama SA has confirmed it has not sold any of its shares in Societe Generale SA, according to a report on Bloomberg, despite the stock plunging.

The insurer is believed to be Societe General's second-biggest investor and if it were to sell its shares it could help to improve its solvency ratio.

Earlier this month Groupama reported a rise in

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