NAB talking to extend agreement
(16 July 2010 –Australia)National Australia Bank has said that it is in talks today with Asia Axa Pacific Holdings and Axa SA to extend the expired exclusivity agreement.
The agreements between Axa APH, Axa SA and NAB as already disclosed remain in place, National Australia Bank said in a brief statement.
Axa Asia Pacific Holdings also released a statement saying the negotiations between the groups were in there 'advanced' stages.
NAB has said to be considering the sale of assets in an effort to win the approval of the Australian Competition and Consumer Commission after the watchdog opposed the takeover amid concerns about competition in the provision of retail investment platforms.
Axa Asia Pacific Holdings also released a statement saying the negotiations between the groups were in there 'advanced' stages.
NAB has said to be considering the sale of assets in an effort to win the approval of the Australian Competition and Consumer Commission after the watchdog opposed the takeover amid concerns about competition in the provision of retail investment platforms.
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