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…
-
Noosa News23 hours agoQueensland man sentenced to four years imprisonment after string of terror offences
-
Noosa News23 hours agoBali traveller sparks urgent measles alert across Queensland
-
Business23 hours agoThe best ASX ETFs for compounding wealth until 2040
-
Noosa News22 hours agoMeasles alert issued south of Brisbane after traveller tests positive