Jardine Matheson increases JLT stake to 40%
Jardine Matheson’s bid for a 10% increase in its shareholding of JLT has won both shareholder and regulatory support.
The purchase of 21,734,665 shares, which gives the company a 40% stake in the City broker, won the support of 85% of the other shareholders.
It is thought the move has been made in an effort to finally put to an end the repeated whispers that rival brokers such as Marsh, Aon and Willis would make a move for JLT.
Approval has been received from the Guernsey Financial Services Commission in respect of the increase in Jardine Matheson’s interest in Isosceles PCC and from the Dirección General de
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