NAB-AXA deal still on with ACCC ‘market consultation’
National Australia Bank’s plans to acquire AXA Asia Pacific Holdings Ltd and AXA SA continue to move closer to fruition, with the ACCC seeking ‘market consultation’ over the proposal.
National Australia Bank’s plans to acquire AXA Asia Pacific Holdings Ltd and AXA SA continue to move closer to fruition, with the ACCC seeking ‘market consultation’ over the proposal.
National Australia Bank (NAB) disagrees with the ACCC decision concerning the proposal to acquire the Australian and New Zealand businesses of AXA Asia Pacific Holdings.
The ACCC has made the right decision in opposing a NAB takeover of Axa. The ACCC’s opposition is well founded on legal grounds and puts the NAB on notice that the ACCC is prepared to go to court to stop it from buying Axa.
The Australian Competition and Consumer Commission has today deferred its decision on AMP Limited’s AMP’s $12.85 billion takeover bid for AXA Asia Pacific Holdings.
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