Insurance and reinsurance broker Aon is selling its German pension and retirement consulting and investment business to Lane Clark & Peacock, in another divestment designed to gain European Commission (EC) approval for its acquisition of rival Willis Towers Watson (WTW).
Aon and WTW announced last week that they had agreed a sale of assets to rival Gallagher in a package valued at US$3.57 billion that includes reinsurance broking arm Willis.
But the EC’s competition related concerns over the merging of Aon with WTW extend beyond the insurance and reinsurance space, with the pensions consulting, retirement, and investment side also an area of focus.
In order to keep the merger on-track, Aon has announced that it has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration, and investment consulting business in Germany to Lane Clark & Peacock.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI