Acquirer(s)
- National Australia Bank Ltd (NAB)
Target(s)
- AXA Asia Pacific Holdings Limited
Summary
National Australia Bank Limited (NAB) proposed to acquire AXA Asia Pacific Holdings Limited's Australian and New Zealand businesses (AXA). NAB and AXA overlap in the area of retail investment platforms, life insurance, superannuation, wealth management and financial planning and advisory services.Market definition
Please see the Public Competition Assessment below outlining the reasons for the ACCC's decision.Competition analysis
Please see the Public Competition Assessment below outlining the reasons for the ACCC's decision.Statement of issues
| Document title | Date | |
|---|---|---|
| Statement of Issues |
Public competition assessment
| Document title | Date | |
|---|---|---|
| Public Competition Assessment |
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC published a Statement of Issues outlining preliminary competition concerns. |
|
Closing date for submissions relating to Statement of Issues. |
|
Former proposed date for announcement of ACCC's findings of 17 March 2010, amended to allow the ACCC to consider further information requested from the merger parties. |
|
ACCC announced it would oppose the proposed acquisition. |