Willis sells 16.9% share of Miller to US-based BB&T
Deal follows on from Willis’ Miller takeover earlier this year.
Willis Group has sold 16.9% of Miller Insurance Services to BB&T IHC International, a subsidiary of US-based financial services holding company BB&T Corporation for an undisclosed sum.
The deal leaves will Willis with a majority holding in Miller of 68.1%.
Willis bought 85% of Miller in January this year with the remaining 15% held by the partners of Miller.
The latest deal involving BB&T is expected to complete in the fourth quarter of 2015.
Partners
Graham Clarke, CEO of Miller commented: "This
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