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AUSTRALIA'S AMP COY ABOUT POTENTIAL BUYERS FOR UK BUSINESSES.
SYDNEY, Sept 1 Asia Pulse - AMP Ltd (ASX:AMP) today remained tightlipped about whether it had lined up three potential buyers for its troubled British life insurance businesses.
South African insurer and funds manager Old Mutual, American buyout specialist Kohlberg Kravis Roberts and a consortium including GE Capital had been short-listed to buy the British life businesses, according to The Australian Financial Review.
However, an AMP spokeswoman reiterated comments made at the group's annual general meeting in May that AMP had received several approaches from potential buyers for some of its UK assets.
"The market is certainly aware that there are discussions around that business," she said.
"If we had something to announce we would announce it."
The newspaper said it was understood that AMP was wanting more than STG1 billion ($A2.47 billion) for its British life funds - National Provident Institution, Pearl and London Life - which have all been closed to new business.
If AMP ...
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Source: HighBeam Research, AUSTRALIA'S AMP COY ABOUT POTENTIAL BUYERS FOR UK BUSINESSES.