ACCC will examine NAB/Axa proposal
THE Australian Competition & Consumer Commission (ACCC) is to conduct market enquiries into “enforceable undertakings” put forward by National Australia Bank (NAB) and France-based Axa in relation to the former’s proposed purchase of Axa Asia Pacific Holdings (Axa APH) and subsequent divestment of 100% of Axa APH’s Asian businesses to AXA.