Company News Summary
AMP Provides an Update on Collimate Capital Domestic Business
27 Apr 2022 | 10:07:00 | Associate analysts | Increase | Decrease | 
Original announcement: null
AMP announced that it has entered into an agreement for the sale of Collimate Capital's real estate and domestic infrastructure equity business to Dexus Funds Management (Dexus), an Australian real estate and asset management group for an upfront cash consideration of A$250m. In addition, Dexus will acquire all of its (A$180m) and committed (A$270m) sponsor stakes in the platform for cash consideration expected to be up to A$450m, subject to discussions with fund investors, pre-emptive rights processes and applicable consents.
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