(Reuters) – Aon PLC has offered concessions to get European Union antitrust approval for its $ 30 billion bid for rival Willis Towers Watson, an application from the European Commission showed on Monday. rising demands and new challenges posed by the COVID-19 pandemic and climate change.
Aon, who completed the deal a year ago to create the world's largest insurance broker, ahead of Marsh & McLennan Cos. Inc., submitted its package to the EU Competition Authority on 9 April.
The Commission, which did not disclose details of the concessions, set a deadline for its decision on 12 July. It will now seek feedback from competitors and customers before deciding whether to clear or block the deal or whether to seek further concessions.
Among EU enforcement claims, the sale of Willis Tower Watson's reinsurance business, which Aon has refused, is a source. has told Reuters. There may also be pressure to sell the business that provides consulting and administration services to companies with employees' pension and health programs.