May 8 (Reuters) - AMP Ltd AMP.AX :
* CEASED PLANS TO DIVEST ITS NEW ZEALAND WEALTH MANAGEMENT BUSINESS
* NEW ZEALAND WEALTH MANAGEMENT WILL BE RETAINED BY AMP AND WILL NOW FOCUS ON PLANS TO DEVELOP AND GROW BUSINESS IN ITS EXISTING MARKETS
* HELD DISCUSSIONS WITH NUMBER OF INTERESTED PARTIES REGARDING DIVESTMENT, BUT OFFERS RECEIVED DID NOT MEET COMPANY'S EXPECTATIONS.
* WILL PROVIDE FURTHER UPDATE ON NZ WEALTH MANAGEMENT AT 1H 20 RESULTS IN AUG
* CEASED PLANS TO DIVEST NEW ZEALAND WEALTH MANAGEMENT BUSINESS DUE TO ECONOMIC AND FINANCIAL MARKETS DISRUPTION CAUSED BY COVID-19 Source: https:// Further company coverage: AMP.AX