FINWIRES · TerminalLIVE
FINWIRES

ASX:PPT

16 stories mentioning ASX:PPTUpdated 1d ago

Every FINWIRES story that references ASX:PPT, newest first.

Asia

Update: Perpetual Turns Down Revised Acquisition Proposal From EQT

(Updates with the stock movement in the last paragraph.)Perpetual's (ASX:PPT) board believes a revised proposal from EQT to acquire the company at AU$22.50 per share is not in the best interests of its shareholders, according to a Wednesday filing with the Australian bourse.However, Perpetual is willing to offer EQT limited due diligence access on a non-exclusive basis to determine if it can improve its proposal, per the filing.The company said there is no guarantee of any binding offer.Perpetual shares fell past 2% in recent Wednesday trade.

ASX:PPT
Asia

Perpetual Turns Down Revised Acquisition Proposal From EQT

Perpetual's (ASX:PPT) board believes a revised proposal from EQT to acquire the company at AU$22.50 per share is not in the best interests of its shareholders, according to a Wednesday filing with the Australian bourse.However, Perpetual is willing to offer EQT limited due diligence access on a non-exclusive basis to determine if it can improve its proposal, per the filing.The company said there is no guarantee of any binding offer.

ASX:PPT
Asia

Perpetual Reports Higher Total Assets Under Management in Fiscal Fourth Quarter Quarter-over-Quarter

Perpetual's (ASX:PPT) total assets under management as of June 30 reached AU$224.4 billion, an increase of 2.3% compared to AU$219.2 billion reported as of March 31, according to a Wednesday Australian bourse filing.This was driven by market movements of AU$17.5 billion, partly offset by net outflows of AU$12.3 billion.Its total assets under management as of June 30, 2025, reached AU$226.8 billion, according to a separate filing.It now expects fiscal year 2026 total expense growth to be at the lower end of its guidance range of around 1% to 2%. It also expects significant items pretax to be in the range of AU$62 million to AU$68 million for the six months to June 30.

ASX:PPT
Asia

Perpetual Receives Increased Offer From EQT; Shares Up 3%

Perpetual (ASX:PPT) received a further revised non-binding indicative proposal from Windflower, an entity that the company understands is indirectly controlled by Swedish private equity firm EQT, to acquire 100% of its shares through a scheme of arrangement at AU$22.50 apiece, according to a Monday filing with the Australian bourse.The proposal represents a 2% increase on EQT AB's revised non-binding indicative proposal of AU$22.07 disclosed on July 15 and 17, the filing said.The board is reviewing the proposal, and no recommendation has been made to shareholders at this time, per the filing.Perpetual's shares rose nearly 3% in recent Monday trade.

ASX:PPT
Asia

Australian Shares Flat; BHP Group Meets Fiscal Year 2026 Production Guidance, Issues Fiscal Year 2027 Outlook

Australian shares were flat on Thursday after major indices on Wall Street posted gains, but the materials sector fell as BHP posted lower fiscal year 2027 copper production guidance.The S&P/ASX 200 Index was little changed to close at 8,840.40.Brent crude oil futures continued to trade around $85 per barrel as the US conducted further strikes inside Iran. The Wall Street Journal reported US President Donald Trump is considering expanding US military operations in Iran.On the domestic front, Australia's consumer inflation expectations fell by 0.8 percentage points in July to 4.7%, according to the Melbourne Institute Survey of Consumer Inflationary Expectations.Australian household spending rose 0.3% in June, with end-of-financial-year sales less impactful than in 2025, as inflation and higher-for-longer interest rates weighed on consumers, according to the Commonwealth Bank of Australia. Gains were recorded across 10 of the 12 spending categories, led by utilities and education.In company news, BHP Group (ASX:BHP) reported fiscal year 2026 copper production of 1.95 million tonnes, down 3% from fiscal 2025 but within its guidance range of 1.9 million tonnes to 2 million tonnes. For fiscal year 2027, BHP Group is targeting copper output of 1.65 million to 1.8 million tonnes and iron ore production of 260 million to 272 million tonnes. Its shares fell past 2% on market close.AMP (ASX:AMP) expects the first-half 2026 underlying net profit after tax of AU$170 million to AU$180 million, with the increase driven by stronger contributions from its China partnerships, favorable investment income impacts due to recent interest rate hikes, and the recognition of about AU$13 million of carried interest in relation to the partial sale of certain assets within a legacy fund.Perpetual (ASX:PPT) said it has received a revised non-binding, conditional proposal from EQT-controlled Windflower to acquire all of its shares via a scheme of arrangement for AU$22.07 per share, up 2% from the previous AU$21.64 offer.

ASX 200ASX:AMPASX:BHPASX:PPT
Asia

Perpetual Receives Revised Takeover Proposal From EQT-Backed Windflower

Perpetual (ASX:PPT) said it has received a revised non-binding, conditional proposal from EQT-controlled Windflower to acquire all of its shares via a scheme of arrangement for AU$22.07 per share, up 2% from the previous AU$21.64 offer, according to an Australian bourse filing on Wednesday after market hours.The proposal remains subject to several conditions, including the completion of the sale of the company's wealth management business to Bain Capital, the completion of due diligence, the execution of definitive agreements, and the receipt of regulatory approvals, per the filing.The company said its board is assessing the proposal with the help of advisers, but emphasized that there is no assurance a deal will be completed.

ASX:PPT
Australia's Perpetual Turns Down AU$2.45 Billion EQT Buyout Bid
US Markets

Australia's Perpetual Turns Down AU$2.45 Billion EQT Buyout Bid

Australian investment fund Perpetual (ASX:PPT) has turned down a takeover approach from Swedish private equity firm EQT AB, saying the proposal undervalued the financial services company, according to a Wednesday press release.Under the proposal, EQT-controlled Windflower Pte Limited offered to acquire all of Perpetual's shares for AU$21.64 apiece in cash, valuing the company at about AU$2.45 billion."The indicative proposal was highly conditional and did not adequately represent fair value for Perpetual shareholders in the context of a change of control transaction," the company said in a statement.The approach comes after Perpetual terminated an AU$2.2 billion deal with private equity firm KKR in 2025 to sell its wealth management and corporate trust businesses.The transaction was scrapped after an independent expert concluded it was not in the best interests of shareholders following an adverse tax ruling.Perpetual said it would instead pursue a separate sale of its wealth management business.The investment manager subsequently agreed to sell its wealth management business to Bain Capital for an upfront cash payment of AU$500 million, with additional performance-linked payments of up to AU$50 million.The company said the proceeds would be used to reduce debt and support growth in its asset management and corporate trust businesses.The latest proposal adds to a string of takeover attempts for the investment manager.Perpetual rejected an AU$1.7 billion bid from a consortium that included Regal Partners in 2022, before turning down an AU$3.1 billion offer from its largest shareholder, Washington H. Soul Pattinson, the following year.

ASX:PPT
Asia

Update: Perpetual Rejects EQT-Backed Windflower's Takeover Proposal

(Updates to add stock movement in the last paragraph)Perpetual (ASX:PPT) rejected an unsolicited, non-binding takeover proposal from Windflower, an entity indirectly controlled by Swedish private equity firm EQT, saying the offer did not adequately reflect fair value for shareholders in a change-of-control transaction, according to an Australian bourse filing on Wednesday after market hours.The shareholders would have received AU$21.64 cash per share under the proposal, less any dividends, capital returns, or distributions paid by the company, the filing said.The company said shareholders do not need to take any action in response to the proposal.The company's shares fell 1% in recent Thursday trade.

ASX:PPT
Asia

Perpetual Rejects EQT-Backed Windflower's Takeover Proposal

Perpetual (ASX:PPT) rejected an unsolicited, non-binding takeover proposal from Windflower, an entity indirectly controlled by Swedish private equity firm EQT, saying the offer did not adequately reflect fair value for shareholders in a change-of-control transaction, according to an Australian bourse filing on Wednesday after market hours.The shareholders would have received AU$21.64 cash per share under the proposal, less any dividends, capital returns, or distributions paid by the company, the filing said.The company said shareholders do not need to take any action in response to the proposal.

ASX:PPT
Asia

Perpetual Requests Trading Halt Pending Disclosure on Potential Change of Control Transaction

Perpetual (ASX:PPT) requested a trading halt on the ASX pending a disclosure related to a potential change of control transaction, according to a Wednesday filing with the bourse.The company expects the halt to remain in place until the earlier of its market disclosure release or the start of regular trading on July 3.

ASX:PPT
Asia

Australian Shares Continue to Retreat; nib Agrees to Sell ANZ Travel Insurance Businesses to Allianz Group Unit

Australian shares continued their retreat on Friday as the prospects of a peace agreement between the US and Iran seemed distant.The S&P/ASX 200 Index dropped 0.7%, or 61 points, to close at 8,625.10.Brent crude oil futures were trading at around $95 per barrel as traders await more clarity on US-Iran talks.The Hezbollah militia rejected a new ceasefire in Lebanon, and Israel said it would not withdraw troops from the country, Reuters reported.The iron ore price in Singapore reached $100.85 per tonne, a three-month low.On the domestic front, the number of seasonally adjusted filled jobs in Australia rose 0.6% to 16.2 million in the March quarter, following a 0.3% increase in the December 2025 quarter, the Australian Bureau of Statistics said. Total jobs rose 0.7% to 16.5 million, and job vacancies increased 5.2% to 344,000, while secondary jobs increased 0.6% to 1.1 million in the March quarter.In company news, nib (ASX:NHF) agreed to sell its Australian and New Zealand travel insurance businesses, excluding World Nomads, to Allianz Partners, an Allianz Group subsidiary, for up to AU$50 million. The company also partnered with Allianz Partners for the distribution of nib-branded travel insurance products to its customers in Australia and New Zealand.Resolute Mining (ASX:RSG) said full-year 2026 production at its Syama Gold Mine in Mali is now expected to be around the lower end of its guidance range of 195,000 to 210,000 ounces due to logistical and supply chain disruptions caused by road insecurity in parts of Mali. The company said second-quarter gold production at Syama is expected to be about 30,000 ounces, compared with its original forecast of 40,000 to 45,000 ounces.Lastly, Perpetual (ASX:PPT) agreed to acquire 70% of the shares in financial technology firm Interfi Systems. The sale and purchase agreement also comes with an option to acquire the remaining 30% of Interfi Systems' shares by fiscal 2031.

ASX 200ASX:NHFASX:PPTASX:RSG
Asia

Perpetual to Acquire 70% Stake in Financial Technology Firm

Perpetual (ASX:PPT) agreed to acquire 70% of the shares in financial technology firm Interfi Systems, according to a Friday filing with the Australian bourse.The sale and purchase agreement also comes with an option to acquire the remaining 30% of Interfi Systems' shares by fiscal 2031, the filing said.The transaction, to be funded from internally generated cashflows, is expected to be completed before the end of June, per the filing.Financial terms were not disclosed.

ASX:PPT
Asia

Credit Corp Group Taps Perpetual's Greg Cooper as Board Chair

Credit Corp Group (ASX:CCP) appointed Greg Cooper to succeed Eric Dodd as board chair, effective Aug. 5, according to a Monday filing with the Australian bourse.Cooper, currently the chair of Perpetual (ASX:PPT), will join Credit Corp's board as a non-executive director on July 1 before assuming the chair role, per the filing.

ASX:CCPASX:PPT
Asia

Vista Group International Says Perpetual Lifts Stake

Vista Group International (ASX:VGL, NZE:VGL) received notice that Perpetual (ASX:PPT) and its subsidiaries increased their holdings in the company to 6.1014% from 5.094%, according to a Tuesday filing with the New Zealand bourse.Perpetual now owns 14.6 million shares in the company, the filing said.

ASX:PPTASX:VGLNZE:VGL
Asia

Downer EDI Says Perpetual Ceases to be a Substantial Shareholder

Downer EDI (ASX:DOW, NZE:DOW) received notice that Perpetual (ASX:PPT) and its affiliated entities are no longer substantial holders of the company from April 24, according to a Wednesday filing with the New Zealand bourse.Perpetual and its affiliated entities became a substantial holder of the company on Feb. 7, 2025, with a 5.537% total voting power, an earlier filing showed.

ASX:DOWASX:PPTNZE:DOW
Wire

Perpetual Posts Nearly 4% Decline in Fiscal Q3 Assets Under Management

Perpetual (ASX:PPT) said total assets under management (AUM) fell 3.6% to AU$219.2 billion as of March 31 from AU$227.5 billion as of Dec. 31, 2025, according to a Wednesday Australian bourse filing.The decrease was due to unfavorable currency movements of AU$3.6 billion, net outflows of AU$2.8 billion, and negative market movements of AU$1.9 billion.The company's J O Hambro Capital Management's AUM saw the biggest fall, with a nearly 11% decline compared with the December quarter.The company's average AUM was lower at AU$225.3 billion in the March quarter, compared with AU$230.8 billion in the December quarter, the filing added.Corporate Trust's total funds under administration (FUA) grew to AU$1.32 trillion as of March 31, up 0.3% on the December quarter, while Wealth Management's total FUA fell 4% to AU$21.1 billion, impacted by negative market movements of AU$800 million, with net flows flat.Perpetual reconfirmed its total expense growth guidance for fiscal 2026 of about 1% to 2% for the year.

ASX:PPT

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:PPT in your portfolio
WheelAI
WheelAI
Analyze ASX:PPT options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:PPT
ASX:PPT News | FINWIRES