Groupama eyes potential acquisitions outside France before listing

Groupama interested in Turkish insurer • Aegon buys 50% in Spanish life insurer • EC adopts fair value option for IFRS

French insurer Groupama is reported to be bidding for the Turkish insurer Basak Sigorta, which is being privatised. One of its rival bidders is Axa Oyak, the local offshoot of Axa, which is a 50/50 joint venture between the French insurer and the Turkish army’s pension fund.