AXA: Looking At Asia Devt Options; In Talks With AMP

French insurer AXA SA (CS.FR) said Friday it is looking at a number of options to expand into the Asian market, and is in talks with AMP Ltd. (AMP.AU), a wealth management company operating in Australia and New Zealand, with activities in Asia.

"Among other things, we are in discussion with AMP, but this doesn't mean we are about to make an announcement," a spokesman told Dow Jones Newswires.

Australia-based wealth management group AXA Asia Pacific Holdings Ltd. (AXA.AU), in which AXA has a 54% stake, said Friday AMP has resumed talks with its largest shareholder [AXA] on reviving their A$11 billion-plus offer for the company, but added that talks are incomplete and may not lead to an offer.

AXA wants to buy AXA Asia-Pacific's Asian operations, which could see it double its exposure to the fast-growing region.

-By Elena Berton, Dow Jones Newswires; +33 1 4017 1765; elena.berton@dowjones.com

(Lyndal McFarland in Sydney contributed to this article.)

Axa Asia Pacific Holdings (ASX:AXA)
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