Marsh & McLennan Companies, Inc. reported that it has completed the sale of Putnam Investments to Great-West Lifeco Inc., a financial services holding company controlled by Canada-based Power Financial Corp.
Under terms of the agreement, MMC sold Putnam Investments to Great-West Lifeco for $3.9 billion in cash. After accounting for taxes and minority interest, MMC will net approximately $2.5 billion in cash proceeds.
Source: Marsh & McLennan Companies, Inc.
www.mmc.com
Was this article valuable?
Here are more articles you may enjoy.
Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes 
Florida Sunshine: Big Improvement in Combined Ratio in 2025, Gallagher Says 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
California Insurance Commissioner Race Has Diverse Field Amid ‘Insurance Crisis’ 
