25 Jan 2010

Due dilligence completed on AXA Asia Pacific by NAB

7:01 am on 25 January 2010

National Australia Bank has completed due dilligence on AXA Asia Pacific, as part of a $A12 billion takeover offer for the company.

AXA Asia Pacific says the proposal remains subject to a number of matters, including reaching an agreement with its French parent, Axa SA.

The ABC reports an exclusivity arrangement between AXA SA and AMP is due to expire in early February.