Tags: Australian | Bank | AXA | Insurer

Australian Bank, AXA Offer $13 Billion for Insurer

Tuesday, 30 Mar 2010 10:31 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
National Australia Bank Ltd. and AXA SA are making a joint 13 billion Australian dollar ($12 billion) bid for insurer AXA Asia Pacific Holdings Ltd., entering into direct competition with another bid by AMP Ltd.

NAB, as the Australian bank is known, said Tuesday it would pay AU$4.6 billion for the AXA Asia Pacific's Australian and New Zealand businesses, while Paris-based AXA will pay AU$9.4 billion for the Asia businesses.

The bid is subject to a ruling by the Australian Competition and Consumer Commission.

The competition regulator on Tuesday deferred its decision on AMP's rival AU$12.85 billion takeover bid for AXA Asia Pacific to April 22. It is scheduled to announce its decision on NAB's bid on the same day.

NAB and AXA APH's shares remained in a trading halt ahead of the announcement, which was released to the market after the close of trading.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Religious Liberty Trampled for Gay Agenda

Tuesday, 21 Oct 2014 09:44 AM

Where are all the atheist freedom lovers we always hear about? It's time for them to start standing up for religious lib . . .

Shameful Houston Mayor Wants to Censor Sermons

Friday, 17 Oct 2014 11:02 AM

Houston has greatly overreached in subpoenaing the pastors of the city for copies of their sermons and their communicati . . .

Children Face Onslaught of Pornography

Tuesday, 14 Oct 2014 10:07 AM

I've always felt as if I've known renowned Christian apologist Josh McDowell through his many excellent books, but I fin . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved