AXA and AMP make a joint proposal to AXA APH whereby AXA would dispose of its 54% stake in AXA APH to AMP and would acquire AXA APH Asian operations

AXA announced today that a joint proposal (Proposal) by AXA and AMP has been made to AXA APH whereby AMP would acquire 100% of AXA APH, retaining AXA APH's Australia and New Zealand businesses and divesting AXA APH's Asian businesses to AXA.