AMP Limited today confirms the 30-day exclusivity period in its Heads of Agreement with Ares Management Corporation (“Ares”) for a proposed AMP Capital private markets transaction, announced on 26 February 2021, has concluded.

AMP and Ares continue to work towards a potential transaction and Ares has expressed interest in acquiring 100 per cent of the private markets businesses.

There is no certainty that a transaction will proceed, or the terms, size or structure on which it would proceed. Any transaction would remain subject to approval of AMP shareholders.