Ares Management bids for AMP

30 October 2020 - 12:00 am UTC

US private equity firm, Ares Management Corp, has made a bid for ASX-listed AMP Ltd for an undisclosed price, AMP confirmed today.

“AMP today confirms that it has received an indicative, non-binding, conditional proposal from Ares Management Corporation, a US-based company, to acquire 100% of the shares in AMP Limited by way of scheme of arrangement,” AMP said in a statement following a local press report.

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