BGC Partners to acquire Besso for £70m

BGC Partners Inchas will acquire 100 percent of Besso in a deal that values the broker at approximately £70.5 million subject to various adjustments.

The deal means that BP Marsh & Partners, the specialist venture capital investor, will sell its entire 37.94 percent shareholding in Besso Insurance Group for cash.

Besso commenced a strategic review of its business in August 2015.