AMP Capital exits Australia care home stake to Singapore’s G.K. Goh
AMP Capital has agreed to sell a 47.62% stake in Domain Principal Group (DPG), a leading Australian provider of residential aged care services, to Singapore-listed G.K. Goh Holdings (GKGH) for A$136.7 million ($123.6 million).
At the same time, AMP Life - like AMP Capital, a subsidiary of Australia and New Zealand wealth management provider AMP - will increase its holding in DPG from 42.5% to 47.62%, matching GKGH's stake. The...
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