Australia-based wealth and asset management group AMP Limited has responded to market speculation regarding the sale of its real estate and infrastructure equity businesses to Dexus.
AMP confirmed on Tuesday it was in discussions with multiple parties, including Dexus, regarding the potential sale of the assets and businesses of Collimate Capital, formerly known as AMP Capital.
”AMP will continue these discussions with a focus on maximising the value for shareholders by getting the best outcome for clients and employees. While these discussions continue, AMP remains in a position to pursue either a sale or demerger of these businesses,” the company said in a statement.
Dexus also has confirmed that it is engaged with AMP regarding a possible transaction.
”Dexus notes that it regularly reviews strategic opportunities that have the potential to enhance Security holder value and at this stage, there is no certainty that a transaction will result,” said Dexus.