Business
AMP ‘will disappear’: 171-year-old icon up for sale – The Australian Financial Review
Just over a week after David Murray resigned, new chairman Debra Hazelton has placed a bet each way that Francesco De Ferrari’s last-chance bid to salvage AMP may not be worth following through.
That makes it easier for the board to accept should a buyer of any asset offer a better deal for shareholders than the potential growth offered by De Ferraris strategy.
Having this week watched IOOF snap up National Australia Banks beleaguered MLC wealth division for $1.4 billion, Hazelton recognised there were still parts of the market willing to take on complex acquisitions for large sums of cash.
AMP has received varying levels of interest, notably from Macquarie Group and KKR, but has had …
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