AMP Limited Updates on Portfolio Review

  • October 30, 2020 03:47 PM AEDT
  • Team Kalkine

AMP Limited (ASX:AMP) announced that it has received an indicative, non-binding, conditional proposal from Ares Management Corporation to acquire complete shares in AMP Limited via scheme of arrangement.

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The discussions are in preliminary stage and there is no surety that a transaction will happen.

Presently, AMP is progressing its Portfolio Review. It has obtained significant interest in its assets and businesses and is evaluating various options in a considered and holistic way to maximise shareholder value. The evaluation process also include its three-year transformation strategy.


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