EXCLUSIVE-EU antitrust regulators set to clear Aon, Willis deal - sources reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Exclusive-Aon s $30 billion Willis deal set to win EU approval - sources
By Foo Yun Chee
Reuters
BRUSSELS (Reuters) -Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said. Aon, which clinched the deal a year ago to create the world s largest insurance broker ahead of Marsh & McLennan Companies Inc, offered concessions to the European Commission earlier this month. Following feedback from rivals and customers last week, the EU competition enforcer has asked for some tweaks but is unlikely to ask for more concessions, the people said. Aon could have faced a charge sheet called a statement of objections which sets out EU concerns if market feedback had been negative and if it had then refused to offer more concessions. This is not the case now, the people said. The concessions package includes selling a swathe of Willis assets, in
Hibbing, MN, USA / 93.9 WTBX
Apr 28, 2021 9:23 AM
BRUSSELS (Reuters) – EU antitrust regulators are unlikely to demand more concessions from insurance broker Aon over its $30 billion bid for Willis Towers Watson and are expected to give conditional clearance to the deal, people familiar with the matter said.
Aon, which clinched the deal a year ago to create the world’s largest insurance broker ahead of Marsh & McLennan Companies Inc, offered concessions to the European Commission earlier this month.
The package includes a wide swathe of Willis assets.
(Reporting by Foo Yun Chee. Editing by Jane Merriman) ); } return false; }); $( #comments .commentlist .comment-content a ).attr( target , blank );
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EU Set to Approve Aon-Willis Merger; More Concessions Unlikely: Reuters
Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said.
Aon, which clinched the deal a year ago to create the world’s largest insurance broker ahead of Marsh & McLennan Companies Inc., offered concessions to the European Commission earlier this month.
Following feedback from rivals and customers last week, the EU competition enforcer has asked for some tweaks but is unlikely to ask for more concessions, the people said.