Australian wealth manager AMP Ltd confirmed on Tuesday it was in talks with multiple parties, including real estate firm Dexus, for a potential sale of assets and businesses of its investment management unit Collimate Capital, formerly AMP Capital.
The announcement comes after media reports indicated AMP was in discussions to sell Collimate in a bid to simplify its business.
The deal, if it materialises, pivots the company away from its demerger plan for AMP Capital’s private markets business, instead opting to sell parts of the infrastructure investment managing unit one after the other.
Read more: Reuters
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