NAB ready to walk away: Cicutto

National Australia Bank CEO Frank Cicutto said on November 16 the bank is ready to walk away from potential acquisitions if they have no value for shareholders. NAB holds a 5 per cent stake in AMP but has stated recently it is not interested in pursuing a takeover as long as AMP retains ties with UK-based HHG plc once its demerger is completed. Cicutto said NAB is “very disciplined around price and also strategic fit” as it looks for acquisitions.

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