Business
Break up doesn’t add up at AMP: UBS – The Australian Financial Review
Forget about the AMP Ltd’s sum of the parts being worth more than the whole.
Forget about the AMP Ltd’s sum of the parts being worth more than the whole.
That long touted line is a myth, according to UBS analysts, who reckon breaking up the financial services bigwig would be a bad idea for shareholders.
Street Talk. Michel O’Sullivan
“The option of breaking AMP up does not generate increased shareholder value in our view, with stranded costs and capital dissynergies likely diluting any higher value asset sales,” UBS analysts told clients on Wednesday morning.
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