European Union set to warn Aon over its $30 billion Willis buy: Report

EU antitrust regulators are set to warn Aon that its $30 billion bid for Willis Towers Watson to create the world's largest insurance broker may hurt competition

Brexit, european union
Photo: Bloomberg
Reuters BRUSSELS
1 min read Last Updated : Mar 03 2021 | 11:03 PM IST

BRUSSELS (Reuters) - EU antitrust regulators are set to warn Aon that its $30 billion bid for Willis Towers Watson to create the world's largest insurance broker may hurt competition unless concessions are offered in the coming weeks, two people familiar with the matter said.

The European Commission, which suspended its investigation into the deal last month while waiting for Aon to provide requested information, is concerned the deal may drive up prices and hold back innovation.

 

(Reporting by Foo Yun Chee)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :European UnionInsurance companies

First Published: Mar 03 2021 | 10:48 PM IST

Next Story