by BusinessDesk
The Australian Competition and Consumer Commission had knocked back its original proposal, which would have seen Axa's North investment platform merged with NAB's own Navigator platform. The lender has subsequently been in talks with potential buyers of North.
Under NAB's proposal it would on-sell Axa's Asian assets to parent Axa SA of France.
"National Australia Bank today confirmed that it remains in discussions with the ACCC in relation to the proposal to acquire the Australian and New Zealand businesses of AXA Asia Pacific Holdings," it said.
« AON accused of churning insurance customers | NAB tries to get ACCC onside with divestiture of Axa platform » |
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