> Credicorp acquires 49.9% stake ...
Peruvian financial services group Credicorp has acquired a 49.9% stake in Willis Perú, the local subsidiary of global insurance broker Willis Group Holdings, the former said in a release.
Credicard, a wholly-owned subsidiary of Citigroup Inc., and Elavon, a wholly-owned subsidiary of US Bancorp, have signed a binding agreement to establish a joint venture creating a merchant services company that will offer payment solutions to the Brazilian marketplace.