Announced
Financials
Tags
Full Line Insurance
insurance services
Australia
Friendly
Majority
Single Bidder
Scheme
Private Equity
Cross Border
Public
Acquisition
Failed
Synopsis
Ares Management terminated the $4.5bn acquisition offer for AMP, a financial services company in Australia and New Zealand. Ares is still interested in AMP Capital, the firm’s asset management unit that invests across unlisted real estate, infrastructure and global markets. The offer for the whole company was abandoned partly because of concerns over the deteriorating performance of AMP’s wealth management business.
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