NU Online News Service, Nov. 19, 10:47 a.m. EST
Willis Group Holdings Limited and family shareholders of Frenchinsurance broker Gras Savoye & Cie, said they have an agreementfor Astorg Partners to take a third interest in Gras Savoye.
The leveraged transaction announced today with the privateequity fund, will reorganize the capital of Gras Savoye and Willissaid part of the deal should provide it with $160 million to paydown debt.
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