Gide's affiliated firm, Özdirekcan Dündar Şenocak Ak (ODSA), has advised AXA Mediterranean Holding S.A.U ("AXA Med") on the acquisition of 100% of the shares of Groupama Investment Bosphorus Holding A.Ş. which controls Groupama Sigorta A.Ş. and Groupama Hayat A.Ş.
French insurer Axa SA will acquire the insurance operations of French insurer Groupama SA in Turkiye, Middle East Insurance Review reported. The acquisition of shares of Groupama Investment Bosphorus Holding, which owns Groupama Sigorta A.S. and Groupama Hayat A.S., will allow Axa to strengthen its presence in the country, increase market share and expand its distribution network.