AMP: AXA Asia Pacific Remains Strategically Attractive At Right Price

AMP Ltd. (AMP.AU) continues to see AXA Asia Pacific Holdings Ltd. (AXA.AU) as an attractive strategic target but sees no urgency to make any quick moves on the group after the Australian Competition and Consumer Commission said it continues to oppose National Australia Bank Ltd.'s (NAB.AU) A$13.3 billion bid for AXA APH, an AMP spokeswoman said Thursday.

"AMP has always said AXA remains strategically attractive but at the right price," the AMP spokeswoman said.

She said the group feels no sense of urgency to decide on its next steps and said whether the group will seek fresh talks with AXA APH's parent company, AXA SA (AXAHY) is "a decision for another day".

She said the group welcomed the ACCC's decision to oppose NAB's deal and said it was a "great outcome for competition".

-By Lyndal McFarland, Dow Jones Newswires; 61-3-9292-2093; lyndal.mcfarland@dowjones.com

Axa Asia Pacific Holdings (ASX:AXA)
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