Euroz buys rival broker Blackswan

Blackswan Equities snapped up by Euroz amid consolidation among brokers.

Euroz has snapped up rival Perth broker Blackswan Equities, bolstering its exposure to wealth management as smaller brokers 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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