Groupama chief flattered to be for sale
Groupama’s chief executive officer, François-Xavier Boisseau, has described being put up for sale as both a “disappointment and good surprise. It is quite flattering to be for sale because you are considered a very valuable asset.”
Mr Boisseau, told Insurance Age that the group was very aware of the value of the UK operation ahead of putting it up for sale.
"The group expects to have a sensible value because we have been producing healthy profits for the last ten years and 2011 is looking good," he said.
However, he said he did not know how much it could be sold for: "I doubt if they will show their hand in that way. It is a confidential process and in no circumstances will we make comment about the process itself."
Sugges
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