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Announced

Dexus to acquire the real estate and domestic infrastructure equity business of AMP for $392m.

Financials

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Transaction Value£309m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Pending

Domestic

Private

real estate investing

Private Equity

Friendly

Asset Managers and Custodians

Single Bidder

Australia

asset management

Synopsis

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Dexus, an Australian Real Estate Investment Trust, agreed to acquire the real estate and domestic infrastructure equity business of AMP, a financial services company in Australia and New Zealand, for $392m. "This transaction will significantly strengthen AMP’s capital position and it intends to use the proceeds to pay down some of its corporate debt and to return capital to shareholders following the sale completion. The capital return will be subject to regulatory and shareholder approval," AMP.

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