Australia’s AMP to sell local ops of Collimate Capital to Dexus for $179 mln


FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located in central Sydney, Australia, May 5, 2017. Picture taken May 5, 2017.REUTERS/David Gray/File Photo

(Reuters) – Australian wealth manager AMP Ltd (AMP.AX) said on Wednesday it would sell the real estate and domestic infrastructure equity business of its asset management unit, Collimate Capital, to Dexus (DXS.AX) for A$250 million ($178.5 million).