The 310 million EUR (345.3 million USD) transaction will enable the French insurer to consolidate its presence in the Spanish property-casualty and health insurance markets.
For the record, GACM España has ended the year 2022 with a turnover of 400 million EUR (427 million USD) and a shareholders' equity of 300 million EUR (320.3 million USD). The solvency ratio stood at 272%.