AllianceBernstein to Acquire Full Ownership of Australian Business

March 31, 2011

On March 29, 2011, moneymanagement.com reported that AllianceBernstein LP will acquire the remaining 50% stake in AllianceBernstein Australia Ltd., in which it is an equal joint venture partner with AXA Asia Pacific Holdings Ltd.


On March 29, 2011, moneymanagement.com reported that AllianceBernstein LP will acquire the remaining 50% stake in AllianceBernstein Australia Ltd. held by joint venture partner AXA Asia Pacific Holdings Ltd.  The acquisition followed an agreement with AMP to acquire AXA Asia Pacific.  AllianceBernstein Australia will become a wholly owned subsidiary of Alliance Bernstein LP, a unit of AXA.

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Investment Manager M&A, Transactions