Hartleys and Euroz initiate merger transaction

19 June 2020

Big West Australian stockbroking and wealth management firm Hartleys appears set to be merged with publicly-listed Euroz.

The firms announced to the Australian Securities Exchange (ASX) that they had entered into a non-binding term sheet for a proposed transaction to combine the two firms.

Under the proposed transaction, Euroz will issue 33 million shares at a deemed issue price of $0.915 per share as consideration for 100% of Hartleys, with Hartley shareholders owning up to 17% of the combined group.

Commenting on the proposed transaction, Euroz executive chair, Andrew McKenzie said combining the two firms would create a dominant West Australian-based financial services company with strong synergies.




Will be very interesting to see how many Stock Brokers have passed the FASEA exam at the end of next year. I'm betting 50% will not make it.

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