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
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Photo: Bloomberg
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.)
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First Published: Mar 03 2021 | 10:48 PM IST