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Ares Scraps $4.9 Billion Bid for Australia’s AMP; Shares Slump Bloomberg 2/11/2021 Matthew Burgess and Nabila Ahmed © Bloomberg Signage for AMP Ltd. adorns the top of company s Bourke Place building in the central business district of Melbourne, Australia, on Thursday, May 10, 2018. AMP expects further payouts to customers amid an inquiry review. (Bloomberg) AMP Ltd. may be forced to sell its business in pieces after Ares Management Corp. scrapped a A$6.4 billion ($4.9 billion) bid for Australia’s oldest wealth manager, sending shares tumbling in the latest setback for long-suffering investors reeling from years of scandal. Popular Searches Ares told AMP that it doesn’t intend to proceed with its bid for the whole company after making an indicative offer last year, according to an AMP statement Thursday. The U.S. private equity firm is still interested in AMP Capital, the firm’s A$190 billion asset management unit that invests across unlisted

New south walesAres management corpBourke placeBloomberg signageAres managementExecutive officer francesco de ferrariLos angeles based aresபுதியது தெற்கு வேல்ஸ்ஏரிஸ் மேலாண்மை கார்ப்போர்க் இடம்ப்ளூம்பெர்க் அடையாளம்ஏரிஸ் மேலாண்மைநிர்வாகி அதிகாரி பிரான்செஸ்கோ டி ஃபெராரிலாஸ் ஏஞ்சல்ஸ் அடிப்படையிலானது ஏரிஸ்