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Image header Agence Europe
Europe Daily Bulletin No. 10224
Contents Publication in full By article 26 / 29
GENERAL NEWS / (eu) eu/competition

US consultancy firm Aon given approval for take-over of rival Hewitt

Brussels, 28/09/2010 (Agence Europe) - On Tuesday 28 September, the European Commission approved the proposed acquisition of the consultancy firm Hewitt Associates by the consultancy and brokerage firm Aon Corporation. The two US companies provide services in the fields of retirement benefits consulting, pension administration, investment consulting, human capital services, insurance and financial services consulting and insurance intermediation. Although their activities overlap, in particular in the areas of retirement benefits consulting and investment consulting services to pension funds, the Commission investigation concluded that the transaction, notified on 24 August 2010, would not significantly impede effective competition on these markets, since the market shares of the combined firm would be modest post-transaction. (F.G./transl.rt)

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