AMP Capital to be set free

Fri, 23 Apr 2021

AMP plans to separate its AMP Capital private market investment arm into an independent business after talks to sell the division fell through. The demerger would create two “more focused businesses” that are better equipped to allocate capital and realise efficiencies, AMP said in market announcement.AMP Ltd would continue operating as a retail-focused wealth management company and would retain a minority stake in the new Private Markets business, which would continue its work investing in infrastructure equity and debt, and...

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