European Commission to review $30bn Aon/WTW deal
Aon confirms the European watchdog has launched a Phase II review of the merger but insists it is still "on track" to close the combination in the first half of 2021.
The European Commission has initiated a Phase II review of the Aon/Willis Towers Watson (WTW) merger.
The move was confirmed by Aon in a statement to its investors on 21 December 2020.
Aon said in the statement: “The Phase II review is a common next step in the review process for a transaction of this size and complexity under EU Merger Regulation and the firm remains on track to close the combination in the first half of 2021.”
It continued: “As stated previously, Aon’s and Willis Towers
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