• Most Popular
  • Most Shared

Insurer Groupama to buy Romanian company Asiban

Wed Apr 9, 2008 6:30am EDT

PARIS, April 9 (Reuters) - French mutually-owned insurer Groupama said on Wednesday it had agreed to buy Romanian peer Asiban SA in a deal which would make Groupama Romania's third-biggest insurer.

Groupama did not say how much it paid for Asiban but added that Asiban had 2007 sales of 185.8 million euros ($292.4 million).

Groupama has recently been focusing on takeovers in fast-growing emerging markets, and the Asiban deal follows its acquisition of Hungarian insurer Garancia in February.

(Reporting by Sudip Kar-Gupta)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets