Collimate Capital confirms buyer interest
AMP Limited has confirmed that it is in discussion with multiple parties, including Dexus, regarding the potential sale of assets and businesses of Collimate Capital.
AMP Capital rebranded to Collimate Capital following its demerger from AMP Limited, which the firm said symbolised an ongoing progress towards demerging.
In an announcement to the Australian Securities Exchange (ASX), AMP said the firm would remain in a position to pursue either a sale or demerger Collimate Capital businesses while discussions with external parties continued.
“AMP will continue these discussions with a focus on maximising the value for shareholders by getting the best outcome for clients and employees,” it said.
Confirming the discussion with AMP regarding a possible transaction, Dexus told shareholders via the ASX that it regularly reviewed strategic opportunities which had the potential to enhance security holder value and there was no certainty that a transaction would result.
AUTHOR
Liam Cormican
Recommended for you
As the financial advice industry looks to embrace career changers, Money Management speaks to a former teacher and international development worker who took the leap into advice.
A Federal Court ruling on whether licensees need to ‘take all reasonable steps’ regarding conflicted remuneration could extend to other parts of the advice process, according to law firm Hall & Wilcox.
Young investors aged under 40 are more than twice as likely to measure the value of their financial adviser based on progress towards their goals, Dimensional research uncovers.
A new financial advice business, licensed by Centrepoint Alliance, has recently commenced operations servicing HNW clients including retiring Baby Boomers and single women.
