4 Apr 2011

Higher stakes now held by AMP in listed companies

12:37 pm on 4 April 2011

AMP's purchase of AXA has lifted its stakes in a number of listed companies, including Fletcher Building and Fisher & Paykel Appliances.

The funds managment arm of AMP Capital Investors, has swallowed AXA's investments as part of the deal.

The Australian-owned fund manager now owns 7% of Fletcher Building, and 6.3% of Fisher & Paykel Appliances.

The company has a 20.3% stake in Skellerup and a 9.5% holding in Rakon.