/PRNewswire-FirstCall/ -- AXA acknowledges the decision made by the Australian Competition and Consumer Commission ("ACCC") to oppose National Australia Bank Ltd.'s ("NAB") proposed acquisition of AXA Asia Pacific Holdings ("AXA APH") and not to oppose any proposed acquisition by AMP Limited ("AMP").
AXA also notes the announcement by NAB of a review of the ACCC's decision. Under the terms of the transaction agreements NAB has six weeks within which it can seek to address the ACCC's concerns.
AXA further acknowledges AMP's announcement earlier today indicating AMP's continued interest in a potential transaction with AXA APH.
AXA Group is a worldwide leader in Financial Protection. AXA's operations are diverse geographically, with major operations in
area. For full year 2009, IFRS revenues amounted to
Euro 90.1 billion
and IFRS underlying earnings to
Euro 3.9 billion
. AXA had
Euro 1,014 billion
in assets under management as of
December 31, 2009
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISIN FR0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). The American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.
This press release is available on the AXA Group website:
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Please refer to the section "Cautionary statements" in page 2 of AXA's Document de Reference for the year ended
December 31, 2009
, for a description of certain important factors, risks and uncertainties that may affect AXA's business. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.