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Groupe Vial SA Announces Reorganization of the International Sales Network and Ruling by Toulon Commercial Court


Thursday, 8 Nov 2012 11:45am EST 

Groupe Vial SA announced that it has decided to close its four Spanish stores during the fourth quarter of 2012. At the same time, a new store was opened in Bolivia in October. The Company also announced that the Toulon commercial court has ordered Cardif Assurance Vie to pay EUR 5 million to Groupe Vial SA with regards to its key person insurance. Cardif Assurance Vie decided to appeal this ruling, and the matter will be examined by the Aix-en-Provence court of appeal on November 9, 2012. 

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