Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 191 - 200 of 275 results for "ACCC"

AXA clarifies possible Wealth.net sale

COMPANY RELEASE  |  WEDNESDAY, 9 JUN 2010
... the North product are quite distinct and can be separated if required. "While it is not possible to be sure how NAB and the ACCC's discussions may progress, we believe it is clear that it is the platform itself and not the products which are the focus ...

AXA and Wealth.net split poses planner risk

RUTH LIEW  |  MONDAY, 7 JUN 2010
... its insurance offering." NAB announced in a statement last Friday that it is continuing to pursue its options regarding the ACCC's decision to block the bank's proposed acquisition of the Australian and New Zealand business of AXA Asia Pacific Holdings ...

NAB addresses ACCC concerns

ASX STATEMENT  |  FRIDAY, 4 JUN 2010
National Australia Bank (NAB) hopes to appease the ACCC's concerns about the planned AXA APH acquisition by potentially divesting the North Wealth.net investment platform, one of the causes of the competition regulator's concerns. In an ASX statement ...

NAB gains more time on AXA deal

ASX RELEASE  |  TUESDAY, 1 JUN 2010
AXA Asia Pacific, AXA SA and NAB have each agreed to extend the period for NAB to satisfy concerns raised by ACCC till 15 June this year. The Australian Competition and Consumer Commission (ACCC) said last month it would oppose NAB's proposal to buy ...

AMP seeks NZ regulator approval for AXA bid

PRESS STATEMENT  |  TUESDAY, 4 MAY 2010
... insurance and financial planning services in New Zealand. This comes after the Australian Competition and Consumer Commission (ACCC) said it does not oppose a deal between AMP and AXA Asia Pacific last month. The ACCC shut down NAB's bid for AXA Asia ...

NAB/AXA merger not anti-competitive: research

MICHELLE BALTAZAR  |  FRIDAY, 23 APR 2010
Researcher Roy Morgan joins the chorus of dissenting voices on ACCC's reasons for blocking the NAB bid for AXA, releasing a report that shows a combined NAB/AXA or AMP/AXA would have the same impact on industry competition. Roy Morgan Research said ...

AXA technology available to all: provider

MICHAEL HOBBS  |  FRIDAY, 23 APR 2010
... anyone in the market, according to one technology provider. This week the Australian Competition and Consumer Commission (ACCC) blocked NAB's bid for AXA Australia because it would give NAB/MLC an uncompetitive position in the investment platform market. ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 21 APR 2010
... surprising given the big run-up it had yesterday," Ms Saly said. "Investors are waiting to see whether it will challenge the ACCC's (Australian Competition and Consumer Commission's) decision to reject its takeover bid for AXA Asia Pacific," she said ...

NAB clashes with ACCC decision

COMPANY RELEASE  |  WEDNESDAY, 21 APR 2010
National Australia Bank has spoken out against the ACCC's verdict to block its bid for AXA - and is exploring a "range of actions" to continue its pursuit of the firm. In a press statement released late yesterday, NAB said it "does not agree with the ...

ACCC blocks NAB bid for AXA, backs AMP

MEDIA RELEASES  |  TUESDAY, 20 APR 2010
The Australian Competition and Consumer Commission (ACCC) has blocked the NAB bid, citing concerns about competition between retail investment platforms if NAB and AXA merged, but said it won't oppose the AMP bid. "At the heart of the ACCC's decisions ...