“A sufficient number of credible competitors would remain”
The European Commission has approved Aon’s acquisition of the human resources benefits consultancy Hewitt Associates.
The Commission concluded that “the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
“The Commission investigated a number of national and EEA-wide markets, where the parties have overlapping activities, in particular in the areas of retirement benefits consulting and investment consulting services to pension funds.
“The Commission found that competition concerns could be excluded in these markets, since the market shares of the combined firm would be modest post-transaction, and a sufficient number of credible competitors would remain after the proposed transaction.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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