AXA To Look At Options For Asia Growth Strategy
09 9월 2010 - 3:39PM
Dow Jones News
French insurer AXA SA (CS.FR) Thursday said it notes the
Australian Competition and Consumer Commission's (ACCC) decision to
oppose National Australia Bank Limited's (NAB.AU) proposed
acquisition of AXA Asia Pacific Holdings (AXA.AU) and subsequent
divestment of AXA Asia Pacific Holding's Asian businesses to
AXA.
MAIN FACTS:
- AXA will review the Australian Competition and Consumer
Commission's reasons for its decision to reject the enforceable
undertakings offered by National Australia Bank Limited and AXA
Asia Pacific Holdings.
-AXA's decision to enter into this transaction reflected AXA's
desire to increase its presence and allocate additional capital to
the fast growing Asian region.
-AXA remains fully committed to support the Australia and New
Zealand businesses and will continue to review its options in the
context of its growth strategy in Asia.
- By Paris Bureau, Dow Jones Newswires; +331-4017-1740;
paris@priority.emea.dowjones.com
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