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Marsh confirms £135m HSBC deal
18 December 2009
Marsh today announced it has reached an agreement to acquire HSBC Insurance Brokers, a subsidiary of HSBC Bank. Marsh will acquire the firm for £135m ($219m).
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HSBC Insurance Brokers
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Marsh today announced it has reached an agreement to acquire HSBC Insurance Brokers, a subsidiary of HSBC Bank. Marsh will acquire the firm for £135m ($219m), comprising a mixture of Marsh & McLennan Companies stock and cash. The deal is expected to close in the first quarter of 2010.
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