© Reuters. FILE PHOTO: An office building with the Aon logo can be seen in Sydney
BRUSSELS (Reuters) – Aon (N 🙂 has filed for EU antitrust clearance for its $ 30 billion bid for Willis Towers (O :). The EU watchdog has set a deadline for the decision on December 21, as shown by a filing on the European Commission's website Monday.
The deal to create the world's largest insurance broker with more pricing power could lead to intense regulatory scrutiny, analysts say. The companies are the second and third largest brokers worldwide after Marsh & McLennan Companies Inc (N :).
The commission can, after its preliminary review, close the deal with or without concessions, or open a four-month investigation if it has serious concerns.
Aon dropped an earlier offer for Willis last year after media reports spread the news.
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