Ageas buys Groupama for £116m
Ageas UK has acquired Groupama Insurance Company for £116m in a deal that it has claimed propels it to the UK’s 4th private motor insurer with an 11.7% share of the market.
The deal comes just two weeks after the firms entered exclusive discussions and excludes all of Groupama’s UK broking operations.
According to Ageas the acquisition also propels it to 5th largest UK
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