Groupama Turns To EUR23M Loss In 2012

05.22.2013 By Anelis Baciu

Groupama, the local subsidiary of the French group by the same name, last year reported a net loss of EUR23 million after a profit of EUR1 million in 2011, according to a report published by the group in Paris. The Romanian subsidiary had recorded its first net profit in 2011 since the French group entered the Romanian market in 2007.

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