Euroz Hartleys sells capital markets business for $145M

• Euroz Hartleys has signed a binding agreement to sell its capital markets business to BMO Financial Group for $145 million in cash.
• The company intends to return all post-tax proceeds from the transaction to its shareholders.
• The divestment allows Euroz Hartleys to retain ownership of its core private wealth business and establish a strategic alliance with the buyer.

Euroz Hartleys (ASX:EZL) has entered into a binding agreement to sell its capital markets business to BMO Financial Group for a cash consideration of $145 million.

This transaction follows a solid year-to-date unaudited performance where the company reported expected financial year 2026 group revenue between $140 million and $142 million.

The company stated that it intends to distribute the majority of the post-tax proceeds to all shareholders as a fully franked dividend, with the remaining balance allocated as a capital return.

Transaction-related costs and impacts for the financial year 2026 are estimated to range between $4 million and $5 million, including the acceleration of certain business-related expenses.

Completion of the transaction remains subject to customary conditions and shareholder approval under ASX Listing Rule 11.2, with the final closing anticipated to occur in the fourth quarter of calendar year 2026.

Following the announcement, the Euroz Hartleys share price was unchanged at $1.26.

Moving forward, the business will operate as a standalone pure-play private wealth firm utilising both the Euroz Hartleys and Entrust brands.