Carole Nash to be formally auctioned

French insurer Groupama has appointed boutique investment bank
Fenchurch Advisory to run a full sale process for its specialist UK
motor broker Carole Nash, The Insurance
Insider can reveal.
A spokesman for Carole Nash said: "Groupama are long-term
shareholders of Carole Nash and nothing has changed in this respect
to which [sic], we do not comment on market speculation."
Despite the denial, multiple sources have confirmed that
Groupama, which did not respond to requests for comment, is moving
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