AMP Capital, Macquarie to reap A$93M as Duet Group internalises management

Mon, 30 Jul 2012

July 31 (BusinessDesk) - AMP Capital and Macquarie Capital Group will reap as much as A$93 million after agreeing to allow ASX-listed energy investor Duet Group to internalise its management contract. AMP and Macquarie hold a half share each in the manager of Duet, whose investments include the Dampier Bunbury Pipeline, United Energy Distribution and Multinet Gas. Under a deal which is subject to approval by at least 50 percent of Duet’s security holders, the current managers would get A$41 million apiece to subscribe for Duet stapled secur...

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