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AMP completes capital raising of over $800m

Funds spent on transforming company.

Financial Services group AMP has raised more than $A134 million ($NZ142m) from its share purchase plan – even though just 2% of eligible shareholders took up the offer.

Following the earlier institutional placement of $A650m ($NZ692m), the embattled AMP has raised a total of $A784m ($NZ835m)

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Graham Skellern Tue, 10 Sep 2019
Contact the Writer: graham@nbr.co.nz
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AMP completes capital raising of over $800m
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