General
AMP and US firm Ares exclusivity period ends without deal; ASX on the rise
Wealth manager AMP insists there is still interest in its private markets business, despite an exclusivity period on a sale offer expiring.
Key points:
- AMP says US firm Ares is now interested in potentially buying all of its private markets operations
- China has imposed tariffs on Treasury Wines for at least five years
- Mortgage Choice shares surge as REA Group announces takeover of the broker
AMP shares were flat in early trade, after news a deal had not eventuated during a 30-day exclusivity period, and speculation about the future of AMP’s chief executive Francesco De Ferrari.
In a statement, AMP said it continued to work towards a potential deal with US firm Ares, but there was no certainty a transaction would proceed.
In February, the…
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