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French CNBC may buy Covas
The French insurance group CNP Assurances is exploring a potential acquisition of Covéa, a company specialized in trade credit insurance, according to sources cited by Bloomberg. Negotiations are still in the early stages, and the company may decide not to proceed or other buyers may emerge, while both parties declined to comment on the news. If the deal goes through, it would be one of the most prominent acquisitions in the French insurance sector, and Covéa offers services to protect companies against non-payment risks and manage commercial risk.
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