Why did Euroz Hartleys Group (ASX:EZL) issue an official market update?

Euroz Hartleys Group (ASX:EZL) issued the update to respond to media speculation originally published in the Australian Financial Review. The announcement clarifies the scope, pricing, and conditions of the ongoing corporate negotiations with BMO Financial Group.

What assets will Euroz Hartleys Group (ASX:EZL) keep if the BMO deal goes through?

If the transaction completes, Euroz Hartleys Group (ASX:EZL) will retain 100% ownership of its Private Wealth business. The deal is strictly isolated to the divestment of its Capital Markets division.

What are the key hurdles and conditions for the Euroz Hartleys (ASX:EZL) asset sale?

The transaction is subject to satisfactory completion of due diligence, the negotiation and execution of definitive documentation, and customary closing conditions. Crucially, it also requires establishing a strategic alliance between BMO and Euroz Hartleys' remaining Private Wealth arm to maintain their interconnected operations.

What is the timeline for the due diligence process between Euroz Hartleys (ASX:EZL) and BMO?

The Euroz Hartleys Group (ASX:EZL) Board has granted BMO Financial Group an exclusivity period running until 30 June 2026. This timeframe allows BMO to conduct its due diligence and progress the relevant transaction documentation.

Is the sale of Euroz Hartleys Group's (ASX:EZL) Capital Markets business guaranteed to happen?

No, there is no certainty that the discussions will lead to a transaction or a definitive agreement. The Euroz Hartleys Group (ASX:EZL) Board has explicitly warned shareholders that discussions are ongoing and a final deal remains unconfirmed.

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Euroz Hartleys eyes $145M capital markets sale

Q: What transaction has Euroz Hartleys Group (ASX:EZL) proposed regarding its business?

Euroz Hartleys Group (ASX:EZL) confirmed it is in discussions to sell its Capital Markets business to Canada’s BMO Financial Group. BMO has submitted a confidential, non-binding, and conditional proposal to acquire the division for a cash consideration of A$145 million.

Written by Liezl GambePublished Jun. 5 2026Last Updated Jun. 5 2026

Euroz Hartleys Group (ASX:EZL) has responded to recent media speculation regarding the potential sale of its capital markets business.

Addressing reports originally published in the Australian Financial Review, the company confirmed it is currently engaged in discussions with Canada’s BMO Financial Group.

BMO has submitted a confidential, non-binding, and conditional proposal to acquire Euroz Hartleys' Capital Markets division for a cash consideration of $145 million.

Under the terms of the current proposal, Euroz Hartleys would retain 100% ownership of its Private Wealth business.

The transaction remains subject to several strict conditions, including satisfactory due diligence, the execution of definitive documentation, and the establishment of an alliance between BMO and Euroz Hartleys' remaining Private Wealth arm to preserve their interconnected operations.

To facilitate these talks, the Euroz Hartleys Board has granted BMO an exclusivity period running until June 30 to complete its due diligence.

While the board notes that discussions are ongoing, it has explicitly warned shareholders that there is no certainty a transaction will eventuate. Shareholders are advised that no action is required.