AMP’s board has decided to undertake a portfolio review to assess “all opportunities in a considered and holistic manner” and will evaluate the merits, separation costs and dis-synergies of any separation, with a focus on “[maximising] shareholder value”.
“The board believes that AMP has high-quality businesses with significant strategic value,” said AMP chair Debra Hazelton.
“The board and management firmly believe in our existing strategy, including a repivot to private markets in AMP Capital and are confident that this will deliver long-term value for shareholders. However, we have taken a decisive step to undertake a portfolio review to ensure we appropriately assess all options to [maximise] shareholder value in a considered and disciplined manner.”
