Equity Trustees (EQT) has confirmed media reports that it is in discussions with Bendigo and Adelaide Bank with a view to acquiring the estates business of Sandhurst Trustees.
Equity Trustees confirmed the discussions in an announcement released to the Australian Securities Exchange (ASX) today.
Equity Trustees managing director, Mick O’Brien said the firm had been conducting due diligence to assess the strategic and financial merit of combining the two businesses, but that no agreement had so far been reached.
He said the company would keeping the market informed as appropriate.
