NAB likes AMP rights issue

National Australia Bank has confirmed it will by taking part in AMP's $1.2 billion rights offer. In a statement, NAB said it would participate in the offer and back AMP's demerger, despite reservations. Last month NAB's CEO criticised AMP's demerger proposals, specifically for retaining a 15 per cent stake in its UK arm HHG following the demerger.

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