Business
AMP smart to put itself on the sale block – The Australian Financial Review
AMP’s new chairman has taken the brave and hard decision to run a review of its entire portfolio. Investors deserve the best chance to extract value from this mess.
AMP can now run a proper, holistic review that will let advisers Goldman Sachs and Credit Suisse get inside the company to work out the real values of these businesses, then assess any proposals.
That’s much better than a piecemeal, ad hoc approach, which will only lead to the creation of a series of spot fires inside the company and in the media.
Having the review out in the market will also mean Goldman’s Christian Johnston and Credit Suisse’s Richard Gibb can start to sort the tyre kickers …
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