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Euroz Hartleys Group Limited (ASX:EZL)

ALERT: Price-sensitive ASX Announcement for EZL
Current share price for EZL : $1.360 0.12 (9.68%)+
Announcement
Release
5 Jun 2026 8:38AM
Price at Release
$1.240
Full Release
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Summary
Euroz Hartleys Group Limited has confirmed discussions with BMO Financial Group for a potential acquisition of its Capital Markets business for A$145 million. The proposal is non-binding and contingent upon several conditions, including forming a strategic alliance to maintain relationships between Euroz Hartleys’ Private Wealth business and BMO. The Board has allowed BMO exclusivity until 30 June 2026 for due diligence. Shareholders are advised that no immediate action is required, and further announcements will be made if significant developments occur.
Key Points
  • Euroz Hartleys Group Limited is in discussions with BMO Financial Group regarding a potential transaction.
  • BMO has made a confidential, non-binding proposal to acquire Euroz Hartleys' Capital Markets business for A$145 million.
  • The proposal includes conditions such as a strategic alliance agreement between BMO and Euroz Hartleys' Private Wealth business.
  • Euroz Hartleys would retain 100% ownership of its Private Wealth business should the transaction proceed.
  • The Board of Euroz Hartleys has given BMO exclusivity until 30 June 2026 to conduct due diligence.
  • Euroz Hartleys is advised by Grant Samuel as financial advisor and Steinepreis Paganin as legal advisor.
  • There is no certainty that discussions will result in a transaction or agreement.
  • Shareholders are not required to take any action regarding the proposal.
  • A further announcement will be made if there are any material developments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.