Astrorg Sponsoring Recap of Gras Savoye

Astorg Partners has agreed to sponsor a leveraged recap of French insurance broker Gras Savoye & Cie, in partnership with current Gras Savoye shareholder Willis Group Holdings Ltd. (YSE: WSH). Astorg would receive 33% of voting rights in Gras Savoye, which is being valued at$343 million.

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