Further to AMP Limited’s announcement on 20 March 2023, AMP today confirmed that the condition precedent to finalise completion of the sale of the AMP Capital real estate and domestic infrastructure equity business to Dexus Funds Management Ltd (Dexus), being the transfer of AMP’s interest in China Life AMP Asset Management Company Limited (CLAMP) out of the sale perimeter, has been satisfied.

Final completion of the transaction is expected to occur on 30 November 2023.

Upon final completion, AMP will receive the remaining $50 million of the $225 million base purchase price from Dexus.