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Australia's AMP plans spin-off for private markets business

Credit: REUTERS/David Gray

April 22, 2021 — 05:41 pm EDT

Written by Reuters ->

April 23 (Reuters) - AMP Ltd AMP.AX said on Friday it plans a demerger of its asset management arm's private markets business by the first half of fiscal 2022, after ending talks with Ares Management Corp ARES.N over a sale.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Ramakrishnan M.)

((NikhilKurian.Nainan@thomsonreuters.com; Twitter: @NikhilKurianN))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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