Aon gets EU approval for $30bn Willis deal
EU antitrust regulators on Friday cleared Aon’s proposed deal to purchase Willis Towers Watson for $30bn.
The go-ahead came with a set of conditions such as divesting key parts of Willis' business to rival Arthur J. Gallagher.
Brussels 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.
Aon and Willis said that the deal still faces other regulatory approvals, including in the United States. Last month, US antitrust regulators sued to block the merger.