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Perpetual Limited (ASX:PPT)

ALERT: Price-sensitive ASX Announcement for PPT
Current share price for PPT : $19.180 0.26 (1.37%)+
Announcement
Release
27 Jul 2026 9:19AM
Price at Release
$18.920
Full Release
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Summary
Perpetual Limited announced it received a revised non-binding indicative proposal from EQT AB to acquire 100% of its shares at A$22.50 per share. This represents a 2% increase over the previous proposal and a 4% increase from the initial offer. The proposal is contingent on several conditions, including due diligence, regulatory approvals, and the sale of Perpetual’s Wealth Management business. The Perpetual Board is evaluating the proposal without yet providing a recommendation, emphasizing no assurance of a binding offer. The company remains committed to its strategic goals and continuous disclosure obligations.
Key Points
  • Perpetual Limited received a further revised non-binding indicative proposal from EQT AB to acquire 100% of its shares.
  • The proposal offers A$22.50 per Perpetual share, a 2% increase from EQT AB's previous offer of A$22.07.
  • The proposal represents a 4% increase from the original offer of A$21.64.
  • Conditions include satisfactory due diligence, negotiation of binding documents, regulatory approvals, and the sale of Perpetual’s Wealth Management business to Bain Capital.
  • The Perpetual Board is assessing the proposal but has not made a recommendation to shareholders.
  • There is no certainty that this will result in a binding offer or transaction.
  • Perpetual remains focused on its strategy, including its simplification program and diversified earnings profile.
  • The announcement was authorized for release by the Chairman of Perpetual Limited.
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.