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AMP may consider selling stake in Virgin Money

Virgin Money is the latest of AMP&#39s investments to potentially go up for sale as the Australian insurer continues its bid to divest itself of its under performing UK businesses.

AMP chief executive Andrew Mohl has reportedly said he may consider selling off its 50 per cent stake in the Virgin Money Group. This follows on from the insurer&#39s announcement in May that it intends to demerge its Australian and UK businesses. At the time of the announcement AMP said pensions specialist NPI and fund supermarket Ample could be sold.

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