Willis Gets Big Stake In Shanghai Broker
NU Online News Service, April 9, 11:56 a.m. EST?Willis Group Holdings, an insurance brokerage, announced that it has received official approval to complete the purchase of a 50 percent equity stake in Shanghai Pudong Insurance Brokers Ltd.[@@]
Willis, which described Shanghai Pudong as China's leading insurance broker, said the China Insurance Regulatory Commission Shanghai had okayed the deal. Terms were not released.
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