Bloomberg reports that National Australia Bank
(ASX:NAB) and France’s Axa SA are expected to reach an agreement this month on a plan to buy and split up Axa Asia Pacific Holdings.
According to the media agency, National Australia Bank and Axa SA are holding private talks in Melbourne this week.
A deal between the two would hinge on getting approval from Australia’s competition regulator, which is due to announce its review of the proposed takeover by March 17.
National Australia Bank offered $13.3 billion for Axa Asia Pacific in December.
National Australia Bank’s 2009 net profit was $2.6 billion.
