EQT Extends Bid Exclusivity for AUB Group at $45 Per Share
EQT has reaffirmed its intention to acquire AUB Group at $45 per share, extending its exclusivity period for due diligence by two weeks. While the proposal remains non-binding, this development keeps acquisition talks firmly on the table.
- EQT reconfirms $45 per share acquisition proposal for AUB Group
- Exclusivity period extended by two weeks to 20 November 2025
- Proposal remains non-binding with no guarantee of transaction
- AUB shareholders advised to take no immediate action
- Further updates expected as due diligence progresses
EQT Reaffirms Interest in AUB Group Acquisition
EQT AB, a global investment firm, has reconfirmed its non-binding indicative proposal to acquire 100% of AUB Group Limited at a cash price of $45.00 per share. This confirmation triggers an automatic two-week extension of the exclusivity period granted to EQT for conducting due diligence, now set to expire on 20 November 2025.
Exclusivity Extension Signals Serious Intent
The initial exclusivity period, which began with a confidentiality and exclusivity agreement announced on 28 October 2025, was set for four weeks. EQT’s re-affirmation to proceed with the proposal has extended this period by an additional two weeks, allowing the firm more time to thoroughly assess AUB’s operations and financials before potentially moving to a binding agreement.
No Certainty Yet on Deal Completion
Despite this positive signal, the AUB Board cautions shareholders that there is no guarantee a binding agreement will be reached. The proposal remains non-binding, and the outcome of due diligence or potential competing offers could influence the final decision. Shareholders are advised to refrain from taking any immediate action in response to the proposal.
AUB Group’s Position in the Market
AUB Group is a significant player in the Australian insurance brokerage sector, with over 6,000 employees across nearly 580 locations and more than 1.2 million clients. The group places over $11 billion in insurance premiums annually, making it an attractive acquisition target for private equity firms like EQT looking to expand their footprint in financial services.
What’s Next for Investors?
Market watchers will be closely monitoring further announcements from AUB and EQT as the exclusivity period progresses. The extended due diligence window provides an opportunity for EQT to deepen its understanding of AUB’s business and for the board to consider the proposal’s merits. Any move toward a binding agreement or competing bids could have significant implications for AUB’s share price and the broader insurance brokerage sector.
Bottom Line?
With exclusivity extended, all eyes turn to due diligence outcomes and the possibility of a binding deal.
Questions in the middle?
- Will EQT proceed to a binding agreement after due diligence?
- Could competing bidders emerge before exclusivity expires?
- How might this acquisition reshape the Australian insurance brokerage landscape?
