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Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources

Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc's employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday. It also allows Aon to exit a mature, capital-intensive outsourcing business, allowing it to invest in growth areas beyond its core insurance brokerage operations, such as cyber security and health insurance.

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Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources