The new deadline of July 15 gives NAB time to appease the ACCC, whose concerns have so far stymied the $14 billion acquisition.
The asset sale won’t be the only obstacle NAB has to clear. The federal treasurer must also sign off on the deal, which Reuters hints could be difficult given Wayne Swan’s concern about the big four banks’ increasing control over the country’s financial sector.
National Australia Bank
AXA Asia Pacific Holdings
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