Aon Wins Conditional EU Approval for Willis Towers Deal (1)

Aon Plc won conditional European Union approval for a planned $30 billion takeover of insurance rival Willis Towers Watson Plc that the U.S. has sued to block.

The European Commission approved the deal after the companies pledged to divest central parts of Willis’s business to international brokerage firm Arthur J. Gallagher. EU Competition Commissioner Margrethe Vestager said the concessions will allow a choice of brokers for European companies, according to a Friday statement.

It’s unusual for European and U.S. regulators to take a different stance on a global deal. It’s the first time the U.S. Justice Department has sued to ...