trending Market Intelligence /marketintelligence/en/news-insights/trending/y761HmXB3so6USyJJG5GAg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

La Banque Postale to acquire Groupama's 35% stake in insurance JV

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

La Banque Postale to acquire Groupama's 35% stake in insurance JV

La Banque Postale SA signed a nonbinding memorandum of understanding with Groupama Group to acquire the latter's 35% stake in joint venture La Banque Postale IARD.

The financial terms of the deal, which is subject to regulatory approval and the usual procedures with employee representatives, were not disclosed. The transaction is expected to complete in the first half of 2020.

Following the completion of the deal, La Banque Postale will become the sole owner of the joint venture, while the service agreements and reinsurance treaties between La Banque Postale IARD and Groupama's subsidiaries Groupama PJ and Mutuaide will be transferred as part of a long-term partnership.

La Banque Postale IARD was established in 2009 to market property and casualty insurance products to La Banque Postale's retail customers. The company has an insurance portfolio of 1.8 million policies.