View in Other Languages AMP (ASX:AMP)仍有兴趣收购安盛亚太控股(ASX:AXA) AMP (ASX:AMP)、AXA APH (ASX:AXA)買収に依然として前向き AMP (ASX:AMP), AXA APH (ASX:AXA) 인수 의향 여전 AMP (ASX:AMP) Still Interested in Acquiring AXA APH (ASX:AXA) AMP (ASX:AMP)仍有興趣收購安盛亞太控股(ASX:AXA) 
AMP (ASX:AMP) Still Interested in Merger with AXA APH (ASX:AXA)
AMP (ASX:AMP) Still Interested in Merger with AXA APH (ASX:AXA)

Sydney, May 14, 2010 AEST (ABN Newswire) - AMP Ltd (googlechartASX:AMP) says it is still interested in acquiring the AXA Asia Pacific Holdings' (googlechartASX:AXA) Australia and New Zealand business while the Australian competition watchdog did not block its proposal.

AMP's rival bidder, National Australia Bank (googlechartASX:NAB), made a A$13 billion takeover offer for AXA APH, after AMP proposed a merger with wealth manager in November last year. Both bidders hit hurdles in their takeover bids for AXA APH. AMP's offer has been rejected by AXA APH independent directors, while NAB's bid was blocked by Australian Competition and Consumer Commission, citing the deal would lessen competition in the retail wealth platform.

AMP is in talks with AXA SA (googlechartNYSE:AXAHY) about a possible new bid for the French insurer's Australian arm. AMP says it can put forward a new proposal that is "financially disciplined" and which the independent directors of AXA APH will recommend to their minority shareholders.

AMP, which has prepared for a long takeover battle, says the takeover target remains attractive as it seeks to accelerate parts of its growth strategy. M&A activity takes both patience and perseverance to ensure that real value is created for all shareholders, said AMP's chairman Peter Mason to shareholders.


Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344

Related Companies

National Australia Bank Limited cs ct ja en kr ae de es 
AXA Asia Pacific Holdings Limited cs ct ja en kr ae de 
AXA cs ct ja en kr ae 
AMP Limited cs ct ja en kr ae de 

ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 9) (Last 30 Days: 48) (Since Published: 13546) 

View in Other Languages 14197 13926 13786 13546 12505  (67960)