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.
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.