Acquirer(s)
- AMP Limited
Target(s)
- AXA Asia Pacific Holdings' Australian and New Zealand businesses
Summary
AMP Limited (AMP) proposed to acquire AXA Asia Pacific Holdings Limited's Australian and New Zealand businesses (AXA). AMP and AXA overlap in the areas of retail investment platforms, life insurance, superannuation, wealth management and financial planning and advisory services.Market definition
Please see the Public Competition Assessment below outlining the reasons for the ACCC's decision.Competition analysis
Please see the Public Competition Assessment below outlining the reasons for the ACCC's decision.Statement of issues
| Document title | Date | |
|---|---|---|
| Statement of Issues |
Public competition assessment
| Document title | Date | |
|---|---|---|
| Public Competition Assessment |
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. |
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ACCC requested further information from AMP Limited. |
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In light of AMP's announcement to the ASX on 17 December 2009, ACCC timeline suspended. |
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Upon AMP's request that the ACCC continue with its review of the proposed acquisition, ACCC timeline recommenced. |
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Closing date for submissions from interested parties. |
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ACCC published a Statement of Issues outlining preliminary competition concerns. Former proposed date for announcement of ACCC's findings, amended to allow for Statement of Issues. |
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Closing date for submissions relating to Statement of Issues. |
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Former proposed date for announcement of ACCC's findings of 17 March 2010, amended to allow the ACCC to consider further information requested from the merger parties. |
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The ACCC deferred its former proposed date for announcement of 1 April 2010. It is continuing to receive relevant information and will make a decision as soon as all relevant information has been considered. |
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ACCC announced it would not oppose the proposed acquisition. |