National Australia Bank Ltd. bougth AXA

National Australia Bank Ltd. agreed to buy Axa Asia Pacific Holdings’s Australian and New Zealand businesses for A$4.61 billion ($4.2 billion), scuttling AMP Ltd.’s bid for the asset manager. AMP shares rose 4.4 percent to A$6.37.

As told by Rick Allert, AXA Asia Pacific Chairman, AXA SA is very keen to get hold of ourAsian assets.”.

NAB Bid won!

This may result in doubling its exposure to booming markets as China and India, as foreseen by experts.


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