• 44
  • 8
  • Favorite

Aon wins EU nod for $30 billion Willis Towers deal

Reuters2021-07-09

BRUSSELS, July 9 (Reuters) - EU antitrust regulators on Friday cleared with conditions Aon's $30 billion bid for Willis Towers Watson after it agreed to divest key parts of Willis' business to rival Arthur J. Gallagher in return for the EU green light.

The deal will put London-headquartered Aon ahead of the world's largest insurance broker Marsh & McLennan Companies Inc

and comes as insurers struggle with rising claims and new challenges brought on by the COVID-19 pandemic and climate change.

The European Commission said the asset sales will make Arthur J. Gallagher a credible rival to the combined company.

"The commitments will strengthen Gallagher in its capabilities in reinsurance and commercial risk brokerage and improve its footprint in the European Economic Area," the EU competition enforcer said in a statement.

Reuters had exclusively reported on April 28 that the Commission would give conditional approval to the deal.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment8

  • Natdns
    ·2021-07-09
    Good
    Reply
    Report
  • Mmstqm
    ·2021-07-09
    ??
    Reply
    Report
  • Ahjennn
    ·2021-07-09
    Wew
    Reply
    Report
  • HappyTum
    ·2021-07-09
    Please like
    Reply
    Report
    Fold Replies
  • ZOANMAN
    ·2021-07-09
    Like me 
    Reply
    Report
    Fold Replies
    • ThomasSim
      like me too pls
      2021-07-09
      Reply
      Report
    • Ahjennn
      Nice
      2021-07-09
      Reply
      Report
  • Xann
    ·2021-07-09
    Like and comment pls
    Reply
    Report
    Fold Replies
    • Reindeerrr
      done
      2021-07-09
      Reply
      Report
    • ZOANMAN
      Same
      2021-07-09
      Reply
      Report
  • Jx1111
    ·2021-07-09
    good
    Reply
    Report
  • calvinchia
    ·2021-07-09
    nice
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial