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AMP shares surge on Ares bid to buy 60% of unit’s private markets business

U.S.-based Ares Management plans to buy 60% of the private markets business of AMP Ltd's asset management arm for A$1.35 billion ($1.06 billion), the pair said on Friday, weeks after scrapping a bid for all of the Australian company. Read More

from Financial Post https://ift.tt/2O5HsAY

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