Market Chatter: AMP Evaluates Divestment of Banking Unit, Potentially at Discount
MT Newswires Live
Sep 25
AMP (ASX:AMP) is evaluating a divestment of its banking unit, potentially at a discount to book value, The Australian's DataRoom reported Thursday, citing anonymous sources.
The banking arm has been weighing down the group's capital, and its sale could open up the possibility of a merger between AMP and Colonial First State, according to the report.
AMP did not immediately respond to a request for comment from MT Newswires.
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