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Stock Market News

Australia’s AMP to sell local ops of Collimate Capital to Dexus for $179 million

04/27/2022

Less than a minute

2022.04.27 03:36

Australia's AMP to sell local ops of Collimate Capital to Dexus for $179 million
FILE PHOTO: The logo of AMP Ltd adorns its head office located in central Sydney, Australia, May 5, 2017. REUTERS/David Gray

(Reuters) – Australian wealth manager AMP (OTC:AMLTF) Ltd said on Wednesday it would sell the real estate and domestic infrastructure equity business of its asset management unit, Collimate Capital, to Dexus for A$250 million ($178.5 million).

($1 = 1.4004 Australian dollars)

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04/27/2022

Less than a minute