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AMP, Ares negotiations falter

By Reporter
 — 1 minute read

AMP and Ares have failed to come to a conclusive agreement at the end of an exclusivity period to explore the partial sale of AMP Capital’s private markets business.

AMP and Ares entered into the 30-day exclusivity period to explore a 60 per cent sale of AMP Capital’s private markets business. The exclusivity period has now ended, with no conclusive agreement in sight. 

“AMP and Ares continue to work towards a potential transaction and Ares has expressed interest in acquiring 100 per cent of the private markets businesses,” AMP said.

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“There is no certainty that a transaction will proceed, or the terms, size or structure on which it would proceed. Any transaction would remain subject to approval of AMP shareholders.”

 

AMP, Ares negotiations falter
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