GAM changes hands
Crippled by its financial hardships, the Générale Assurance Mediterranéenne (GAM) is about to be a 100% acquired by a consortium of investors led by EMP Africa.
The Tunisian insurer CARTE is likely to be among the new shareholders with a stake of 35%. A capital increase of up to 1.3 billion DZD (19 235 757 USD), has also been announced while the top management team shall remain un-changed.
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Wed, 03/04/2013 - 10:40
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