BRUSSELS – European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $ 30 billion bid for rival Willis Towers Watson, a Commission dossier showed on Wednesday European.
Aon, which announced the deal a year ago to create the world’s largest insurance broker ahead of global No.1 Marsh & McLennan Companies Inc, offered last Friday to sell assets in five European countries to resolve EU competition concerns.
The EU’s antitrust watchdog is now seeking feedback from its competitors and customers before deciding whether to seek more concessions, cancel or block the deal.
Aon has offered to sell Willis Re, its largest dealership, and the German retirement and consulting firm Willis, people familiar with the matter told Reuters.
It is also ready to sell Willis’ insurance brokerage business in France, including the French unit Gras Savoye, as well as in Germany, Spain and the Netherlands, they said. (Reporting by Foo Yun Chee; Editing by Clarence Fernandez)
Photograph: European flags in front of the headquarters building of the European Commission in Brussels, Belgium.
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