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ACCC shoots down NAB bid for AXA

Tuesday 20th of April 2010

At the same time, it said AMP's rival, lower-value proposal wouldn't dampen competition. The Australian Competition and Consumer Commission (ACCC) said its main bone of contention for a NAB merger would be that retail investors would have substantially fewer platforms to access products, something that wouldn't happen under an AMP merger. The ACCC didn't have any competition concerns about supe...

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