17 Dec 2009

Surprise bid for AXA by NAB

12:47 pm on 17 December 2009

National Australia Bank has made a surprise offer to buy AXA Asia Pacific's Australian and New Zealand businesses.

The bank says it says values the operations at $A4.61 billion.

Australasian insurer and fund manager AMP has already put in a bid for the company, and given AXA Asia Pacific less than a week to decide whether to accept it.

AMP won't comment on the new bid.