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
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