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AXA intends to acquire the Spanish subsidiary of Groupe des Assurances Crédit Mutuel

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Magazine Issue: 
The insurance industry, a market under strain [3]
Magazine date: 
Oct 2022

AXA FranceThe AXA group has started negotiations with Groupe des Assurances Crédit Mutuel (GACM) regarding the acquisition of its Spanish subsidiary GACM España. GACM España specializes in P&C and health insurance. The transaction is valued at 310 million EUR (305.262 million USD).

The deal, still pending the approval of the competent authorities, should be finalized in the third quarter of 2023.

Read also | Top 10 insurers in Spain per 2021 turnover [4]

Thu, 20/10/2022 - 14:50

Source URL: https://www.atlas-mag.net/en/category/pays/espagne/axa-intends-to-acquire-the-spanish-subsidiary-of-groupe-des-assurances-credit-mutuel

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[4] https://www.atlas-mag.net/en/article/top-10-insurers-in-spain-per-2019-turnover