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AJG to acquire minority stake in Edelweiss Financial Services’ arm

Arthur J. Gallagher & Co (AJG) will acquire minority stake in Edelweiss Insurance Brokers (EIBL), a wholly owned subsidiary of Edelweiss Financial Services. The transaction is subject to requisite regulatory approvals.

Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments – agency business and holding company activities.

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