April 27 (Reuters) - AMP Ltd (AMP) :
- UPDATE ON COLLIMATE CAPITAL DOMESTIC BUSINESS
- PROPOSED DEAL FOR UPFRONT CASH CONSIDERATION OF A$250 MILLION
- ENTERED AGREEMENT FOR THE SALE OF COLLIMATE CAPITAL’S REAL ESTATE AND DOMESTIC INFRASTRUCTURE EQUITY BUSINESS TO DEXUS FUNDS MANAGEMENT
- IN ADDITION, DEXUS WILL ACQUIRE ALL OF AMP'S EXISTING AND COMMITTED SPONSOR STAKES
- AMP WILL ALSO BE ELIGIBLE TO RECEIVE A FURTHER CASH EARN-OUT OF UP TO A$300 MILLION
- WILL ACQUIRE AMP'S SPONSOR STAKES IN PLATFORM FOR CASH CONSIDERATION EXPECTED TO BE UP TO ABOUT A$450 MILLION
- WILL ALSO BE ELIGIBLE TO RECEIVE FURTHER CASH EARN-OUT OF UP TO A$300 MILLION, SUBJECT TO AUM RETENTION OVER A NINE-MONTH PERIOD AFTER COMPLETION
- CONSIDERS IT UNLIKELY FULL EARN-OUT WILL BE RECEIVED GIVEN CURRENT EXPECTED LOSS OF AUM OF ABOUT A$3.0 BILLION
- REMAINS IN DISCUSSIONS ON COLLIMATE CAPITAL'S INTERNATIONAL INFRASTRUCTURE EQUITY BUSINESS
- AMP WILL RETAIN ITS 24.99 PER CENT EQUITY STAKE IN PCCP AND SPONSOR STAKE IN PCCP FUND VIII
- INTENDS TO USE PROCEEDS TO PAY DOWN SOME OF ITS CORPORATE DEBT AND TO RETURN CAPITAL TO SHAREHOLDERS
- TRANSACTION IS EXPECTED TO COMPLETE DURING 2H 2022
- WILL NO LONGER PURSUE A DEMERGER OF COLLIMATE CAPITAL
- DISCUSSIONS WITH INTERESTED PARTIES ON SALE OF OUR INTERNATIONAL INFRASTRUCTURE EQUITY BUSINESS CONTINUE
News: DXS AMP To Sell Collimate Capital's Real Estate, Domestic Infrastructure Equity Business To...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$7.29 |
Change
-0.020(0.27%) |
Mkt cap ! $7.840B | |||
| Open | High | Low | Value | Volume |
| $7.32 | $7.34 | $7.22 | $17.61M | 2.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 264 | $7.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.30 | 3626 | 4 |
View Market Depth
| Last trade - 16.10pm 09/09/2025 (20 minute delay) ? |
| DXS (ASX) Chart |