China Net Finance, January 31 According to Shudao Investment Group Co., Ltd. (hereinafter referred to as "Shudao Group"), the official "Group": Group, Groupama Property Insurance, hereinafter referred to as "Groupama Insurance") was officially unveiled on January 30. The dust has finally settled on the equity delivery of Groupama Insurance, which lasted more than two months.
On November 21, 2023, AVIC Groupama Property Insurance *** hereinafter referred to as "AVIC Groupama") announced that Shudao Group obtained 50% of the equity of AVIC Groupama held by AVIC Investment Holdings*** hereinafter referred to as "AVIC Investment") in the form of bidding on the Beijing Equity Exchange.
On November 24, the change of AVIC Groupama's equity was approved by the Sichuan Supervision Bureau of the State Administration of Financial Supervision and Administration. After the equity change, Shudao Group holds 50% of the equity of AVIC Groupama, and AVIC Investment no longer holds the equity of AVIC Groupama. On January 25, AVIC Groupama was approved by the Sichuan Supervision Bureau of the State Administration of Financial Supervision and Administration to change its name to "Groupama Property Insurance***".
According to the data, Shudao Group, the new shareholder of Groupama Insurance, is a state-owned enterprise in Sichuan Province, and its business covers four major sectors: highway and railway investment, construction and operation, related diversified industries (transportation and logistics, transportation services, new urbanization construction along transportation routes, mineral and new material investment, clean energy investment, etc.), smart transportation, and integration of industry and finance.
At the unveiling ceremony of Groupama Insurance, Zhang Sheng, general manager of Shudao Group, said that Shudao Group became the new shareholder of Groupama Property Insurance, which is a strategic consideration for the provincial party committee and province to focus on the construction of a western financial center and focus on improving the quality of economic and social development of financial services, and it is also an important measure to support the high-quality transformation, innovation and development of Shudao Group.
Madell, President of the National Headquarters of Groupama Agricultural Mutual Reinsurance, said that he expects to work with Shudao Group in the future to help Groupama Insurance create value for serving local economic development and rural revitalization.
The reporter called to interview Groupama Insurance on matters related to the change of equity, but did not receive a positive response.
Editor in charge: Zhu He).