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Euroz Hartleys Group Limited (ASX:EZL)

ALERT: Price-sensitive ASX Announcement for EZL
Current share price for EZL : $1.310 0.06 (4.80%)+
Announcement
Release
30 Jun 2026 8:39AM
Price at Release
$1.250
Full Release
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Summary
Euroz Hartleys Group Limited has announced the sale of its Capital Markets business to BMO Financial Group for A$145 million, subject to customary adjustments. This strategic transaction aligns with BMO's global growth strategy, particularly in the metals and mining sectors, and allows Euroz Hartleys to focus on its core Private Wealth business. As part of the deal, a strategic alliance agreement will be established to ensure ongoing collaboration and connectivity between Euroz Hartleys' Private Wealth and BMO's Capital Markets operations. The transaction, expected to complete in late 2026, is subject to shareholder approval and other customary conditions. Euroz Hartleys plans to return the majority of post-tax sale proceeds to shareholders through a combination of dividends and capital return.
Key Points
  • Sale of Capital Markets business to BMO Financial Group for A$145 million.
  • Strategic alliance to maintain connectivity between BMO and Euroz Hartleys' private wealth operations.
  • Plan to return sale proceeds to shareholders via dividends and capital return.
  • Transaction expected to complete by Q4 2026, subject to shareholder approval.
  • Euroz Hartleys to continue as a standalone ASX-listed Private Wealth company.
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.