Willis Increases Stake In Argentina Broker

NU Online News Service, May 26, 11:59 a.m. EDT?Willis Group Holdings said as part of an expansion plan for Latin America it has taken a majority interest in Herzfeld & Levy, Willis' retail operation in Argentina. Financial details were not released.[@@]

Willis, headquartered in London, said it now owns 60 percent interest in the Buenos Aires-based firm and plans to acquire the outstanding 40 percent by 2010.

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