Investigation into Aon-WTW deal suspended

Written by Adam Cadle

10/02/2021

The investigation into Aon’s $30bn bid for Willis Towers Watson has been suspended by EU antitrust regulators while they wait for the US insurance broker to provide data required for the case.

According to Reuters, the European Commission (EC), which kicked off its probe in December because of concerns the deal to create the world’s largest insurance broker may hurt competition in major markets, said it stopped the clock on Monday.

“This procedure in merger investigations is activated if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them,” a spokeswoman for the EU competition enforcer said.

“Once the missing information is supplied by the parties, the clock is re-started and the deadline for the Commission’s decision is then adjusted accordingly,” she said.

Aon declined to comment.

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