AXA, AXA Asia Pacific Holdings Limited (AXA APH) and National Australia Bank Limited (NAB) announced that they have agreed to “extend until July 15, 2010 end of day the agreement relating to the proposed transaction whereby NAB will acquire 100 percent of AXA APH, retain the Australian and New Zealand businesses of AXA APH and sell to AXA 100 percent of the Asian businesses of AXA APH.”
The bulletin pointed out that on April 19 the “Australian Competition and Consumer Commission (ACCC) announced that it would oppose the proposed transaction. AXA understands that NAB continues to pursue its options in relation to the ACCC objections.”
Source: AXA Group
Was this article valuable?
Here are more articles you may enjoy.
London Broker Howden Plots Giant Capital Raise on IPO Path 
Majority of Small Business Are Underinsured as Other Expenses Prioritized 
Why El Ni帽o’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
Record-Low Danube Water Levels Leave Boats Beached, Reveal Decades-Old Shipwrecks 
