The Groupama Group announces the closing of the acquisition, by its Hungarian subsidiary, Groupama Biztosító, of the Croatian insurance company OTP Osiguranje, subsidiary of OTP Bank Plc

This transaction represents a growth driver for Groupama in a new high-potential market. It demonstrates the value of our long-term partnership with OTP Bank in Central and Eastern Europe. We are convinced that, with the support of Groupama's teams in France and Hungary and the cooperation of our banking partner, Groupama Osiguranje will be able to offer Croatian customers a wide range of innovative insurance products tailored to their needs.

Olivier Péqueux
Director of International Subsidiaries of the Groupama Group