Business
AMP’s clever deal to gain global reach – The Australian Financial Review
After three years of dealmaking and failing to sell itself, AMP has struck a $3b deal with Ares Management to turbocharge its exposure to infrastructure asset management….
The deal not only gives scale and reach to AMPs private markets businesses infrastructure equity and debt, real estate and other minority investments it also allows AMP shareholders to benefit from the upside.
Ares is buying 60 per cent of private markets and AMP is retaining 40 per cent of a business valued at $2.3 billion.
AMP will retain 100 per cent control of $900 million in assets and contingent consideration related to the private markets businesses.
The total deal values the private markets…
-
Business21 hours agoWhy Vault Minerals, Droneshield, Westgold Resources shares are climbing higher today
-
Noosa News22 hours agoBroncos staffer who guided Mam through crash crisis admits to drink-driving
-
Noosa News23 hours agoQueenslanders to continue legal challenges against COVID-19 directives after successful appeal
-
Noosa News16 hours agoRacing Queensland responds to criticism of ‘deadliest’ greyhound track