AMP Confirmed It Was In Talks to Sell Its Investment Management Unit

The news follows media allegations that AMP was in talks to sell Collimate in order to streamline its operations.

Dexus acknowledged in a separate filing that it was in discussions with AMP about acquiring the 172-year-old company's Australian real estate and infrastructure equity operations.

"While these negotiations continue, AMP remains open to the possibility of selling or demerging these companies," the wealth management said.

If the purchase goes through, the firm will abandon its intention to spin off AMP Capital's private markets division, instead deciding to sell off segments of the infrastructure investment management unit sequentially.