French website rumour of stock market listing this year
French mutual insurer Groupama has not yet taken a decision on a potential stock market listing to raise funds for large-scale acquisitions, Dow Jones reports.
Groupama is working out when a potential initial public offering of shares could take place, but no bank has been mandated for an IPO.
The insurer was to carry out an acquisition and then refinance it through an IPO. But it could now consider a stock market listing to generate capital in advance.
An IPO is not necessarily more likely in 2010 than in 2011, the source said.
French financial news website Wan Square earlier reported that Groupama could be listed on the stock market during 2010.
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