AMP News: UPDATE 1-Australia's AMP confirms in talks to sell investment management unit - 19th Apr 2022, 9:10am

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April 19 (Reuters) - Australian wealth manager AMP Ltd confirmed on Tuesday it was in talks with multiple parties, including real estate firm Dexus, for a potential sale of assets and businesses of its investment management unit Collimate Capital, formerly AMP Capital.

The announcement comes after media reports indicated AMP was in discussions to sell Collimate in a bid to simplify its business.

Dexus, in a separate filing, confirmed it was engaged with AMP regarding a possible...

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