BGC Partners buys Besso

BGC Partners has agreed to acquire 100 percent of Besso in a
deal that values the independent London broker at £70.5mn
($86.6mn).
BP Marsh announced the disposal of its 37.94 percent stake in a
statement this morning, confirming December reports by
The Insurance Insider that BCG waslikely to emerge as the winner of the Besso bidding process.Using Besso's valuation on its balance sheet as of 31 August
2016, the pre-tax sale proceeds to BP Marsh would total
£20.6mn...