Finance
Sweden's EQT bids to buy Australia's AUB Group at a $3.41 billion valuation
Published by Global Banking & Finance Review®
Posted on October 27, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 27, 2025
2 min readLast updated: January 21, 2026
EQT bids $3.41 billion for AUB Group, offering a 25.1% premium per share. The deal includes a confidentiality agreement and follows a previous bid.
(Reuters) -Australia's AUB Group said on Tuesday it had received a takeover offer from Swedish private equity firm EQT, in a deal valuing the insurance broking company at A$5.25 billion ($3.41 billion).
Under the proposal, EQT is offering A$45 per AUB share, which reflects a 25.1% premium to the Australian company's last close.
The A$45 apiece offer follows a previous approach, where the buyer had bid A$43 per share in cash.
The company said it entered into a confidentiality and exclusivity agreement with EQT and has provided the private equity firm access to its books for a six-week period, which began on October 8.
The news comes as AUB Group's shares have largely stagnated over the past year despite steady institutional interest, underperforming both its rival and the broader market.
The deal is on the heels of AUB continuing to adjust to changes in its shareholder base, following U.S. private equity firm Odyssey Investment Partners' near A$277 million sell-down last year.
The company currently counts First Sentier Investors and Capital World Investors as its top two shareholders, according to data compiled by LSEG.
($1 = 1.5389 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Alan Barona)
A takeover offer is a proposal made by an individual or company to purchase another company, typically at a premium over the current market price, to gain control of it.
Equity refers to the ownership interest in a company, represented by shares of stock. It signifies the value of ownership after all liabilities have been deducted.
In finance, a premium is the amount by which the price of a security exceeds its face value or the market price of a stock above its last closing price.
Institutional investment refers to the investment of large sums of money by entities such as pension funds, insurance companies, and mutual funds, which manage funds on behalf of others.
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