Announced
Completed
Financials
Tags
Private
United States
Friendly
Acquisition
Majority
Domestic
insurance broking services
Insurance Brokers
Single Bidder
Private Equity
Completed
Synopsis
Ardonagh, an insurance company, completed the acquisition of the insurance brokerage business of BGC, an American global financial services company, for $500m. "We have been clear and consistent about our plans to express the value of BGC's assets. This transaction demonstrates our commitment to increase shareholder value and focus our interest on Fenics, which we believe represents the greatest opportunity for our Company," Howard Lutnick, BGC Chairman and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.