Marsh & McLennan Companies Inc. said it had purchased the remaining 49 percent stake in the firm Companias DeLima S.A., headquartered in Cali, Colombia, from the company's minority partners. Terms of the deal were not released.
The New York-based services company said the transaction gives it full ownership of the firm, allowing it to expand the business already conducted in the country through its insurance brokerage firm Marsh, consulting unit Mercer and reinsurance broker Guy Carpenter.
MMC said that under the agreement, Ernesto de Lima, who founded the firm in 1953, will continue as chairman of the board of DeLima Marsh, the insurance unit of Companias DeLima.
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