S&P quick to remove AXA from indexes

Standard & Poor’s (S&P) Indices has already announced it will remove AXA Asia Pacific Holdings from the S&P/ASX indexes following the company’s acquisition by AMP.

The acquisition is still subject to shareholder and final court approval, with the shareholder vote to be held today and final court hearing next Monday, 7 March.

AXA APH will be removed from the indexes after the close of business next Tuesday, 8 March if the approvals are granted, S&P stated.

AXA will be replaced in the S&P/ASX 50 by Alumina, and in the S&P/ASX 100 and 200 by QR National, according to S&P.

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