Australia's AMP in new bid for AXA Asia Pacific

15th November 2010, Comments 0 comments

Life insurance and wealth management firm AXA Asia Pacific (AXA APH) Monday said it had received a new takeover offer from Australian wealth manager AMP and its French parent company AXA SA.

"It is proposed that AMP would acquire 100 percent of AXA APH, merge the Australian and New Zealand businesses with its own operations and divest the Asian business of AXA APH to AXA SA," it said in a statement.

© 2010 AFP

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