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EU: Watchdog to rule on Aviva and Friends Life merger next month

By  |  February 9, 2015

The European Union’s competition watchdog will rule by 13 March whether to clear British insurer Aviva’s proposed £5.6bn takeover of rival Friends Life.

The companies sought EU approval last week, the European Commission said on 9 February.

EU antitrust regulators can either clear the deal unconditionally or could demand concessions if they have concerns that the merged entity could lead to higher prices.

 

Full Content: Reuters

 

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