Groupama up for grabs

groupama-grabbing

So the race has started. On 12 January Groupama’s head office in Paris fired the starting gun and announced that its UK operations were up for sale.

But the move comes as little surprise to brokers. At the start of December credit ratings agency Standard & Poor’s lowered Groupama Group’s status to BBB-, the final level before a junk bond rating, on the back of its exposure to Eurozone sovereign debt. Since that moment the market has been awash with rumour and speculation of a sale. But what does

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