March 29 (Reuters) - Wealth manager AMP Ltd AMP.AX said on Monday that U.S.-based Ares Management Corp ARES.N was interested in buying a 100% stake in its asset management arm's private markets business, at the end of a 30-day exclusivity period between the two parties.
AMP said it and Ares continued to work towards a potential deal, with Ares showing interest in buying the entirety of the private markets businesses, against the initial plan to buy a 60% stake that was announced in February.