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Equity Trustees Limited (ASX:EQT) will buy ANZ Trustees Limited from the bank for $150 million.
Chairman Tony Killen says the acquisition cements the company as Australia’s largest independent ASX listed company with a dedicated trustee service.
Equity Trustees believes the combined businesses will have higher margins, significant cost synergies and revenue growth opportunities.
Both Equity Trustees and ANZ Banking Group (ASX:ANZ) have also entered into an exclusive long term referral relationship .
Equity Trustees reported a net profit of $5.4 million in the first half of the 2014 financial year.
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Last
$26.34 |
Change
0.160(0.61%) |
Mkt cap ! $705.2M | |||
| Open | High | Low | Value | Volume |
| $26.49 | $26.67 | $26.18 | $2.257M | 85.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800 | $26.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.34 | 678 | 1 |
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| Last trade - 16.10pm 10/09/2025 (20 minute delay) ? |
| EQT (ASX) Chart |