France's AXA to pay most of raised AXA Pacific bid

MELBOURNE Dec 14 (Reuters) - French insurer AXA SA (AXAF.PA) has offered to pay most of the sweetened cash component of its joint bid with Australia's AMP Ltd (AMP.AX) for AXA Asia Pacific Holdings Ltd AXA.AX, a spokesman for AXA SA said on Monday.

AXA SA and AMP have raised the cash component of their cash and scrip offer to A$1.92 from A$1.38 a share. [ID:nSYU009148] Of the 54 cents increase, AXA SA will pay 44 cents a share, the spokesman said. (Reporting by Sonali Paul)