MMC Marsh and McLennan Companies Inc

   By Stephen Nakrosis 
 

Marsh & McLennan Companies, Inc. (MMC) on Friday said the European Commission approved its acquisition of Jardine Lloyd Thompson Group PLC.

With the EC approval, March & McLennan said, all regulatory and competition authority approvals needed to close the transaction have been satisfied.

Last September, Marsh & McLennan said its wholly owned subsidiary, MMC Treasury Holdings Ltd., made an offer for Jardine Lloyd Thompson valued at around $5.7 billion.

The deal received approval from U.S. antitrust authorities last October, and Jardine Lloyd shareholders approved the deal last November.

A hearing at the U.K. High Court has been set for March 29 and, subject to Court approval, the transaction is expected to close on April 1, the company said.

New York City-based March & McLennan is a global professional services firm.

London-based Jardine Lloyd Thompson provides insurance, reinsurance and brokerage and other services.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

March 22, 2019 13:52 ET (17:52 GMT)

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