Exclusive: EU set to warn Aon over its $30 billion Willis buy – sources

FILE PHOTO: An office building with Aon logo is seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. REUTERS/Loren Elliott

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


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