Euroz Hartleys Responds to Media Speculation on Capital Markets Acquisition
Key points
- Euroz Hartleys confirms discussions with BMO regarding a potential acquisition of its Capital Markets business
- Potential transaction value is A$145 million in cash
- Euroz Hartleys would retain its Private Wealth business if the transaction is completed
- Discussions are ongoing, but no certainty of a definitive agreement
Full summary
Euroz Hartleys Group Limited has responded to media speculation regarding the potential acquisition of its Capital Markets business by BMO Financial Group. The company confirms that it is in discussions with BMO, which has made a confidential, non-binding, and conditional proposal to acquire the Capital Markets business for A$145 million in cash. Should the transaction proceed, Euroz Hartleys would retain its Private Wealth business. The proposal is subject to several conditions, including due diligence and the negotiation of definitive transaction documentation. The Board of Euroz Hartleys remains committed to the company's strategic direction and growth.
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