Groupama joins forces with Chinese industrial group for new joint venture
Mr Jean Azéma, CEO of Groupama and Mr Gu Huizhong, vice president and CFO of AVIC Group Aviation Industry Corporation of China Group, have signed a memorandum of understanding in order to finalise an agreement to create a joint venture by 31 December 2010.
The joint venture is expected to enable both partners to expand in the field of non-life insurance in the People's Republic of China.
The new company, whose creation will be contingent on the approval
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