Australia's ACCC Delays Findings On NAB, AMP Proposals For AXA Asia Pacific
12 March 2010 - 11:59AM
Dow Jones News
Australia's competition regulator said Friday it has delayed its
decision on the separate, multi-billion dollar bids for wealth
management and protection firm AXA Asia Pacific Holdings (AXA.AU)
by National Australia Bank Ltd. (NAB.AU) and AMP Ltd. AMP.AU).
On its website, the Australian Competition and Consumer
Commission said it now expects to make a ruling on NAB's bid by
April 22, and a separate ruling on wealth manager AMP's bid by
April 1.
The ACCC had previously expected to rule on both bids by March
17 after calling for public submissions in February.
Both NAB and AMP had no immediate comment on the delay.
-By Bill Lindsay, Dow Jones Newswires; 61-2-8272-4694;
bill.lindsay@dowjones.com
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