AXA APH merger with AMP a done deal
The merger of AMP and AXA Asia Pacific Holdings’ (AXA APH) Australian and New Zealand businesses has gone through.
The cash component of the share scheme consideration has been dispatched and new shares issued to the AXA APH minority shareholders under the share scheme, AMP stated. Share scheme participants will receive the equivalent of $6.43 per share.
AMP expects the purchase of AXA APH’s Asian business by AXA SA to be concluded on Friday, 1 April.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
