Groupama sale to Ageas unlikely to improve either group's rating prospects
The acquisition of Groupama Insurances by Ageas UK should "end uncertainty" among brokers over Groupama's financial strength and creditworthiness in the UK, but will have little impact on the 'negative' rating outlooks of either parent company, analysts have said.
Ageas UK confirmed last Friday that it had agreed the £116m deal, which is due to be signed off by the end of the year.
Ageas UK chief executive Barry Smith, pictured, said that the acquisition should
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