Australia's EQT Holdings falls as co explores options for UK, Ireland businesses

EQT Holdings

22/06/2023 05:12

** Shares of trustee and executor co EQT Holdings  EQT.AX 
fall as much as 3.3% to A$25.800, their lowest since June 15
    ** Co says it is reviewing its investments in the UK and
Ireland and exploring options for the businesses
    ** Says even though the businesses are well established,
regulatory environment is intensifying and competition has
increased
    ** Says above factors are leading to cost and pricing
pressures
    ** EQT set for worst day since May 26, if losses hold 
    ** As of last close, stock up 6.6% YTD

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))