Daniel Kemp
Troubled Australian financial services giant AMP Ltd will evaluate offers for all assets and businesses, including AMP Capital, in a ‘considered and holistic manner’.
JANA says it ‘will not recommend any AMP Capital strategies to clients or recommend that clients add to existing investments’ due to concerns over the firm’s decision-making and culture.
AMP Capital chairman John Fraser also resigned along with AMP Ltd chairman David Murray as shareholder pressure leads to changes at the top.
‘Unanticipated concerns’ from AEMO over Dundonnell Wind Farm caused Tilt to signal that it will fall below its earnings guidance range this year.
The Australian company will pay A$460m to re-acquire a 15% stake in AMP Capital from the Japanese bank and is addressing company culture issues its CEO says.
The fund manager scaled back its final close ambitions from A$1bn due to the coronavirus pandemic.
The firm has acquired the second stage of the Murra Warra wind farm project from RES and Macquarie Capital's GIG after buying the first stage of the project in 2018.
Superannuation members will know have until 31 December to withdraw A$10,000 from their accounts, extended from the previous deadline of 24 September.
The firm has made Patrick Trears its new global head of infrastructure debt, as four senior executives depart in the wake of Boe Pahari’s appointment as CEO in June.
The deal marks the first time a stake in TransGrid has been sold since it was privatised in 2015 on a 99-year lease for A$10.3bn.