Aon eyes sale of £3.9 billion division
Friday, 12 09 2016, Category: Insurance and Reinsurance, Country: World
Major international broker Aon is reportedly exploring the sale of its employee benefits outsourcing business valued at more than US$5 billion (£3.9 billion).
Citing unnamed sources familiar with the matter, Reuters reported that the brokerage is working with investment bank Morgan Stanley on a sale process for the unit.
The sources told the news agency that the division has supposedly gained the interest of private equity firms.
Source: Insurance Business