Heath and Besso edge closer to sale
Gallagher International has set itself a target of completing its proposed takeover of UK retail broker Heath Lambert by the end of the month.
The talks - revealed by The Insurance Insider last month - come as London market wholesaler Besso continues its discussions with private equity firm Lloyd's Development Capital (LDC) over the purchase of a controlling stake currently owned by Wells Fargo.
One complication for the Heath sale is that it is majority owned by its own pension...
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