Willis Corroon set for growth in £951m US takeover deal.

- Shona Cronin.
- 31 Aug 1998
- Indicative reading time: 1 minute

Willis Corroon has announced its intention to grow via acquisition once the takeover by US buyout sp...

Willis Corroon has announced its intention to grow via acquisition
once the takeover by US buyout specialist Kohlberg Kravis Roberts has been
completed.

Last month, KKR led a total cash offer of £851m for the firm - its largest
investment in Europe to date. An additional £100m for acquisition costs
and refinancing debts, made the final cost of the deal £951m. The deal
would see Willis Corroon switch from a publicly listed company to a
private firm.

Perry Golkin of KKR, said: "We will assess

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe

You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@insuranceage.co.uk

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@insuranceage.co.uk