In this news, we discuss the EU regulators to decide on $30 billion Willis, Aon deal by December 21.
BRUSSELS (Reuters) – Aon AON.N has sought EU antitrust approval for its $ 30 billion bid for Willis Towers WLTW.O, the EU watchdog setting a December 21 deadline for his decision, a filing on the site Web of the European Commission. .
The deal to create the world’s largest insurance broker with more pricing power could spark further regulatory scrutiny, analysts say. The companies are the second and third largest brokers in the world, after leading Marsh & McLennan Companies Inc MMC.N.
The Commission can either authorize the deal with or without concessions after its preliminary review, or open a four-month investigation if it has serious concerns.
Aon dropped a previous offer last year for Willis after the media broke the news.
Reporting by Foo Yun Chee; Editing by Kirsten Donovan
Original © Thomson Reuters