SYDNEY — Swedish private-equity firm EQT AB has launched a takeover bid for Australia’s AUB Group, valuing the insurance broker at approximately A$5.25 billion (US$3.41 billion), according to company filings and market reports.
Under the proposal, EQT’s affiliate would acquire 100 % of AUB Group’s shares via an all-cash offer of A$45 per share, representing roughly a 25 % premium to AUB’s last traded closing price. AUB’s board has agreed to begin exclusive due-diligence negotiations with EQT, but stressed that there is
Sweden’s EQT Launches A$5.25 Billion Bid for AUB Group in Broking Sector Shake-Up
