Euroz buys rival broker Blackswan

Consolidation among smaller brokers continues apace.

Euroz has snapped up rival Perth broker Blackswan Equities to bolster its exposure to wealth management, as smaller brokers continue to consolidate amid tough conditions.

Late on Wednesday night, Euroz told the stock exchange it would buy Blackswan for up to 5.2 million shares, subject to due diligence between the parties.

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