Speculation is mounting that AMP again has asset sales on the agenda, with a revived process for its New Zealand wealth management division believed to be in the wings.
DataRoom can reveal that AMP’s IPAC Securities business, which it inherited through its acquisition of Axa Asia Pacific, is already on the block.
Axa Asia Pacific reportedly purchased the Australian funds management advisory operation in 2002 for $205m.
It is understood that an information memorandum is currently in the market for the unit and price expectations are around $200m.
Ann: Appendix 3E - Daily share buy back notice 15, page-15
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