Australia's embattled AMP raises $92 mln to support restructuring plan

Credit: REUTERS/David Gray

Australia's AMP Ltd said on Tuesday it had raised about A$134.1 million ($92 million) under its share purchase plan, which will support the troubled wealth manager's restructuring plan.

Sept 10 (Reuters) - Australia's AMP Ltd AMP.AX said on Tuesday it had raised about A$134.1 million ($92 million) under its share purchase plan, which will support the troubled wealth manager's restructuring plan.

The placement will see 83.8 million shares issued at A$1.60 on Sept. 13, and completes its A$650 million capital raise.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Himani Sarkar)

((NikhilKurian.Nainan@thomsonreuters.com; Twitter: @NikhilKurianN; +91 806 749 1637;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More