National Australia Bank (NAB) has confirmed that it would be prepared to divest the AXA North platform if it gained control of AXA Asia Pacific (AXA AP).
NAB announced to the Australian Securities Exchange (ASX) today that it was in preliminary discussions with AXA AP and the Australian Competition and Consumer Commission (ACCC) with this scenario in mind.
“However, at this stage there is no assurance that such a possible divestment will occur or that it will address the concerns raised by the ACCC,” the announcement said.
