National Australia Bank (NAB) has said it is continuing to pursue its options in relation to the ACCC objections to its proposed acquisition of AXA Asia Pacific.
Statements released by both NAB and AXA have announced an extension to the six-week deadline that was initially imposed on addressing the ACCC’s concerns (see: NAB Rejects ACCC Decision on AXA…). The original deadline expired earlier this week.
NAB says it has now agreed with AXA and its global parent company, AXA SA, to extend until 15 July the period during which it will seek to determine a way forward in addressing the ACCC’s concerns.
Meanwhile, the integration of Aviva into the NAB/MLC business continues, with most management roles in the combined group now filled, and timeframes having been set for integrating technology platforms, services and product lines.
