BNZ parent trumps AMP's Axa Asia Pacific bid

18 December 2009

BNZ will be back in the wealth management game in a big way if its parent company National Australia Bank's surprise deal to buy Axa Asia Pacific goes through.  Earlier this week AMP and Paris-based Axa SA, which owns 53% of Axa Asia Pacific, boosted their offer for Axa Asia Pacific from A5.34 to A$6.22 per share, putting the company's value at A$12.85 billion.