INSURING TOMORROW WITH CONFIDENCE
Motor, home, agricultural, services, business, professionnals and local authorities
Individual health, individual protection, life insurance – individual savings/pensions, group insurance
Asset management, property management, employee savings, banking
10 July 2003
The Board of Directors of Groupama’s Central Mutual, meeting under the Chairmanship of Jean Baligand, has approved the implementation of plans for a legal restructuring of the Groupama Central Mutual, involving the following measures:
To this effect the Board gives the Chief Executive Officer all the necessary powers to complete the conditions and procedures for carrying out these operations.
The implementation of these measures will require the Boards of Directors and Extraordinary General Meetings of the Regional Mutuals, and the Extraordinary General Meeting of CCAMA, in the second half of the year, to approve the modification of their articles of association and the allocation of the assets and liabilities of CCAMA to the Regional Mutuals.
Under the terms of this transaction, the Regional Mutuals will hold more or less the entire share capital of Groupama SA, a Société Anonyme, which will provide them with reinsurance services (see attached diagram).
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