EU Raises Antitrust Worry About Aon's $30B Willis Takeover
Law360 (December 21, 2020, 6:25 PM EST) -- European Union antitrust officials said Monday they will be taking a closer look at U.K. insurance giant Aon's plan to buy its close rival Willis Towers Watson for $30 billion, citing concerns that the deal could reduce competition for brokerage services offered to large multinational corporations.
The European Commission said it is concerned that combining the world's second- and third-biggest brokers by revenue, creating a company worth $80 billion, would harm brokerage services for multinationals in the risk classes of financial and professional services, property and casualty, cyber, credit and political risk, and marine. The deal could also harm brokerage competition...
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