AMP Ltd (OTCPK:AMLTF)

$ 0.93935 0 (0%) Market Cap: 2.52 Bil Enterprise Value: 20.07 Bil PE Ratio: 38.65 PB Ratio: 1.00 GF Score: 38/100

AMP Ltd Announces Intention to Pursue JV Partnership with Ares Management Corp Investor Call Transcript

Feb 26, 2021 / 12:30AM GMT

Release Date Price: $1.04

Transcript

Operator

Ladies and gentlemen, thank you for standing by. Welcome to AMP's Analyst and Investor Call. The topic of today's update is the announced joint venture discussions with Ares. (Operator Instructions) Please be advised that today's conference is being recorded.

I would like to hand the conference over to your first speaker today, Francesco De Ferrari, AMP'S CEO. Thank you. Please go ahead.

Francesco De Ferrari

AMP Limited - CEO, MD & Executive Director

Thank you, and welcome, everyone, also from my side. I'm here with James, our CFO, and Jason, our Group Treasurer and really wanted to provide you sort of the exciting update about our ASX release today. We've announced a nonbinding heads of agreement with Ares Management Corporation with the intent of entering into a joint venture for our AMP Capital private markets business. And the perimeter of this joint venture is infrastructure equity, infrastructure debt and our real estate businesses.

You would have seen from the media release that actually, in difference to the media releases of the

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