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(Reuters) -Australian wealth manager AMP Ltd will sell the real estate and domestic infrastructure equity business of its asset management unit, AMP Capital, to Dexus for up to A$550 million ($392.8 million), the companies said on Wednesday.
The deal includes A$250 million in upfront cash payment and an earn-out consideration of up to A$300 million subject to factors including the successful transition of assets under management (AUM), the firms said in separate statements.
AMP said, however, ...
>>> Read more: Australia's AMP to sell some assets of AMP Capital for up to $393 million
The deal includes A$250 million in upfront cash payment and an earn-out consideration of up to A$300 million subject to factors including the successful transition of assets under management (AUM), the firms said in separate statements.
AMP said, however, ...
>>> Read more: Australia's AMP to sell some assets of AMP Capital for up to $393 million
