Aon SA vets BEE submissions

17 May 2011 Aon
Anton Roux, CEO of Aon South Africa

Anton Roux, CEO of Aon South Africa

Following the Competition Commission approval of the purchase of Glenrand MIB by Aon South Africa and the divestment of the Brimsure Consortium, Gestalt Growth Strategies has been appointed to structure a new BEE partner for Aon.

“Aon remains committed to transformation and has already received a number of submissions from BEE groups. While we expect to have our BEE transaction finalised within the next few months, we are currently looking to receive more submissions and are holding discussions with all interested parties,” says Anton Roux, CEO of Aon South Africa.

Aon will sell 25.1% of its shares to a black partner in order to achieve the ownership objective detailed in the BEE Codes. “Aon South Africa is a prime investment opportunity”, says Mannie Hirsch chairman of Gestalt Growth Strategies. “The company is rapidly becoming the preferred choice in risk management solutions because of its proven ability to crystallize business risks and effectively manage them to support the progress of clients.

“We are privileged to be working with Aon and will ensure that all parties benefit from the partnership transaction. As with any other merger and acquisition, it is important that the partners understand each other’s expectations and can work together to grow the company,” concludes Hirsch.

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