AMP is reported to be in talks with multiple firms over the sale of its Australian real estate and infrastructure equity businesses as part of an ongoing de-merger effort, Reuters reports.
The assets and businesses of AMP’s flagship funds management business Collimate Capital, which was changed from AMP Capital in February as part of a de-merger from AMP Ltd., is to be sold in two separate transactions, according to the Sydney Morning Herald. Both the property arm and the infrastructure business are earmarked for sale, with Dexus as the likely buyer. In February, funds managed by AMP and Dexus jointly appointed a contractor to redevelop Sydney’s first skyscraper.
The Sydney Morning Herald reports that Apollo Global Management is also in the running for AMP’s in
