MENU

Will National Australia Bank Ltd. sell its funds management business to Nippon Life?

Shares in National Australia Bank Ltd. (ASX: NAB) are falling lower today, down 0.44% to $29.43, amidst speculation that NAB may divest parts of its business. According to the Australian Financial Review, NAB engaged in preliminary discussions to sell a stake in its funds management operations to Nippon Life.

NAB is conducting a strategic review of its wealth business – which has $134 billion of funds under administration as at September 30 – and is considering several options, including an IPO of the division or the divestment of parts or all of it. Broking and advice arm JBWere might be subject to a management buyout according to the paper.

Other big banks have contemplated similar moves. In October, Australia and New Zealand Banking Group (ASX: ANZ) and IOOF Holdings Limited (ASX: IFL) struck a $1 billion deal over the sale of ANZ’s OnePath pensions and investments business, and Commonwealth Bank of Australia (ASX: CBA) is considering selling its global asset management operations.

If NAB ends up divesting, Nippon Life will be a likely buyer. The Japanese insurer knows NAB well, since it bought 80% of its life insurance operations in 2016 for $2.4 billion, and lately has been pursuing an aggressive acquisition strategy.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Tommaso Autorino has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of National Australia Bank Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!