EQT is in a trading halt to do a cap raising. Fin Review has just published the following
Equity Trustees (EQT) had Barrenjoey and Ord Minnett rounding up investors to fund its purchase of Australian Executor Trustees corporate trustee business off Insignia Financial. Fund managers were still waiting on Friday morning, but analysts reckon AET is worth around the $150 million mark. EQT was one of the three parties with known interest in Australian Executor Trustees, which Deutsche was hired to sell on behalf of Insignia. New Zealand’s Perpetual Guardian and Australian Unity were the other two parties.
HT1
IFL Price at posting:
$3.32 Sentiment: Hold Disclosure: Held
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