AXA To Look At Options For Asia Growth Strategy

French insurer AXA SA (CS.FR) Thursday said it notes the Australian Competition and Consumer Commission's (ACCC) decision to oppose National Australia Bank Limited's (NAB.AU) proposed acquisition of AXA Asia Pacific Holdings (AXA.AU) and subsequent divestment of AXA Asia Pacific Holding's Asian businesses to AXA.

MAIN FACTS:

- AXA will review the Australian Competition and Consumer Commission's reasons for its decision to reject the enforceable undertakings offered by National Australia Bank Limited and AXA Asia Pacific Holdings.

-AXA's decision to enter into this transaction reflected AXA's desire to increase its presence and allocate additional capital to the fast growing Asian region.

-AXA remains fully committed to support the Australia and New Zealand businesses and will continue to review its options in the context of its growth strategy in Asia.

- By Paris Bureau, Dow Jones Newswires; [phone]; [e-mail]