NAB and AMP on hunt for Aviva
AMP and National Australia Bank "are thought to be two more of the more interested parties" in making an offer for the Australian business of Aviva, the Financial Review reported in its Street Talk column. The British life insurer has the business on the market with JP Morgan and Morgan Stanley as advisers on the sale process.
Aviva is allowing only four weeks of due diligence, according to the newspaper, so bids may be due in a month.