By Digifin Pty Ltd · About this coverage
About Perpetual (ASX:PPT)
Perpetual Limited is an ASX-listed financial services company. It operates asset management businesses across multiple brands, a corporate trust business providing fiduciary and custody services, and a wealth management business that is subject to a sale process announced to the market.
Perpetual Limited (ASX:PPT) advised that on 26 July 2026 it received a further revised non-binding, conditional and indicative proposal from Windflower Pte. Limited, an entity that Perpetual understands is indirectly controlled by EQT AB, to acquire 100% of the shares in Perpetual by way of a scheme of arrangement at a price of A$22.50 per Perpetual share. The proposal represents a 2% increase on EQT AB's revised non-binding indicative proposal of $22.07 announced on 15 and 17 July 2026, and a 4% increase on EQT AB's original non-binding indicative proposal of A$21.64 announced on 1 July 2026.
The Further Indicative Proposal is subject to numerous conditions, including satisfactory completion of due diligence, negotiation and execution of binding transaction documentation, regulatory approvals and other customary conditions, and is conditional on completion of the sale of Perpetual's Wealth Management business to Bain Capital. The Perpetual Board is assessing the proposal with the assistance of its financial and legal advisers, has not yet formed a view on its merits and is making no recommendation to shareholders at this time. Perpetual stated there is no certainty the proposal will result in a binding offer or that any transaction will eventuate.
Source: Perpetual Limited (ASX:PPT), 27 July 2026. Summary content supplied by Digifin Pty Ltd.
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