Australia's Equity Story drops after Baker Young deal falls through

Aland Equity

10/10/2025 24:51

** Shares of Australia's Equity Story Group EQS.AX fall as much as 10% to A$0.018

** Financial services co says conditions precedent for completion of acquisition of Baker Young assets not satisfied by September 30

** Terminates asset sale agreement with Baker Young

** EQS in April said it would acquire private financial advisory firm Baker Young for A$4.2 million ($2.75 million)

** EQS stock has risen 80% so far this week, on track for its best week ever

** YTD, EQS down 21.7%, including session's moves

($1 = 1.5249 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))