AMP sale slows

AMP managing director Blair Vernon says the sale of the business's New Zealand wealth arm is not on hold - but progress has slowed.

Friday, April 24th 2020, 6:00AM

It had been reported that negotiations with potential buyers had come to a halt.

AMP is looking to sell AMP Wealth Management New Zealand and AdviceFirst.

But Vernon said the intention was still to provide an update on that when AMP reports its first-half results. Things were progressing at a less rapid pace because of Covid-19 disruption.

"Everything is taking a bit more time at the moment."

 

Tags: AMP

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