EQT lifts Perpetual takeover bid to A$22.50 a share, valuing firm at A$2.55 billion
AI Market Summary
EQT has raised its takeover offer for Australia's Perpetual for the third time this month, implying a ~19% premium and a total valuation of A$2.55B. The bid highlights ongoing private-equity appetite for Australian financial services assets but remains conditional, notably on Perpetual completing the sale of its wealth management unit to Bain. Market impact is largely idiosyncratic and unlikely to shift broader risk sentiment.
Impact level
● Low
Affected assets
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AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Swedish private equity firm EQT has raised its takeover offer for Australia’s Perpetual for a third time, proposing A$22.50 per share and valuing the group at A$2.55 billion ($1.78 billion). The price implies a nearly 19% premium to Perpetual’s last closing price. The proposal is subject to conditions, including Perpetual completing the sale of its wealth management unit to Bain Capital, according to Reuters.
