/PRNewswire-FirstCall/ -- AXA, AXA Asia Pacific Holdings Limited (AXA APH) and National Australia Bank Limited (NAB) have agreed to extend the period for NAB to satisfy the concerns raised by the Australian Competition and Consumer Commission (ACCC) until the end of the day on
August 31, 2010
April 19, 2010
the ACCC announced that it would object to the proposed transaction whereby NAB would acquire 100% of AXA APH, retain the Australian and
businesses of AXA APH and sell to AXA 100% of the Asian businesses of AXA APH.
AXA understands that NAB continues to pursue its options in relation to the ACCC objections.
AXA, AXA APH and NAB have agreed the payment of an interim dividend to AXA APH shareholders of up to
(AUD) per share to be determined by the directors of AXA APH. The parties have also extended the end date for shareholder and court approval for the proposed transaction from
October 31, 2010
January 31, 2011
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 1,015 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). AXA's American Depository Shares are also quoted on the OTC QX platform under the ticker symbol AXAHY.