CGNU plc announced on 8 October 2001 that CGU France was beginning a process to find a buyer for CGU Courtage, its general insurance commercial lines business distributed through brokers.
CGNU plc announced on 8 October 2001 that CGU France was beginning a process to find a buyer for CGU Courtage, its general insurance commercial lines business distributed through brokers.
CGU France has now entered into a period of exclusive discussions with Groupama and a further announcement will be made in due course.
Enquiries
Analysts/Investors:
Steve Riley, Investor Relations Director
+44 (0)20 7662 8115
Media
Hayley Stimpson, Director of External Affairs
+44 (0)7767 648944
Alex Child-Villiers, Financial Dynamics
+44 (0)20 7269 7107
Notes to Editors
- CGU France will continue to operate in personal lines and small commercial lines general insurance through Abeille assurances.
- CGU France also has long-term savings and asset management businesses in France operating through Abeille vie and Victoire Asset Management.
- CGNU is the world's seventh-largest insurance group and the largest insurer in the UK. It has worldwide premium and investment sales from ongoing business of Ł27 billion, and more than Ł200 billion in assets under management at 30 June 2001.
- The most recent financial reports are available on the Group's website, www.cgnu-group.com