AMP 0.47% $1.07 amp limited

Ann: AMP provides update on portfolio review, page-2

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    as per AMP release;

    ASX RELEASE | 30 October 2020
    AMP provides update on portfolio review
    AMP today confirms that it has received an indicative, non-binding, conditional proposal from Ares
    Management Corporation, a US-based company, to acquire 100 per cent of the shares in AMP Limited by
    way of scheme of arrangement.
    AMP notes discussions on the proposal are at a very preliminary stage and there is no certainty that a
    transaction will eventuate.
    AMP continues to progress its Portfolio Review announced on 2 September 2020. AMP has received
    significant interest in its assets and businesses and is assessing a range of options in a considered and
    holistic manner, including continuing to pursue its three-year transformation strategy, with a focus on
    maximising shareholder value
 
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