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News

Marsh McLennan's Mercer To Acquire Cardano, A Long-Term Savings Specialist In The UK And The Netherlands; No Financial Terms Disclosed

Author: Benzinga Newsdesk | June 11, 2024 08:03am

Mercer, a business of Marsh McLennan (NYSE:MMC) and a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, today announced that it reached an agreement to acquire Cardano.

Founded in 2000, Cardano is a long-term savings specialist in the UK and the Netherlands, with approximately $66 billion in assets under management1. Terms of the transaction, which is expected to close near the end of 2024, subject to regulatory approvals, were not disclosed.

Posted In: MMC