Groupama completes the acquisition of a 35% stake in Tunisian Insurer Star

Groupama has completed the €72 million transaction giving it 35% of the capital and voting rights of Société Tunisienne d'Assurances et de Réassurances (Star).

“We are proud and happy to have been selected as Star’s strategic partner and plan to participate actively in developing the company’s business as well as the Tunisian insurance market,” said Jean Azéma, Groupama’s Chief Executive Officer.