Euroz Hartleys Announces Sale of Capital Markets Business to BMO Financial Group
Key points
- Euroz Hartleys to sell Capital Markets business to BMO for A$145 million
- Intends to return net proceeds to shareholders through dividend and capital return
- Euroz Hartleys to remain a standalone Private Wealth business
- Strategic alliance with BMO to maintain interconnected relationship
Full summary
Euroz Hartleys Group Limited has announced the sale of its Capital Markets business to BMO Financial Group for A$145 million. The transaction is expected to close in Q4 2026, subject to shareholder approval and other conditions. Euroz Hartleys intends to return the net proceeds to shareholders through a combination of a fully franked dividend and capital return. Following the sale, Euroz Hartleys will continue as a standalone wealth management business focusing on Private Wealth. A strategic alliance with BMO will maintain the interconnected relationship between Capital Markets and Private Wealth businesses.
Guidance
FY26 group revenue expected to be A$140 million to A$142 million, net profit A$15 million to A$16 million
Outlook
Euroz Hartleys expects to benefit from favourable industry trends as a standalone wealth management business.
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