Australia's EQT Holdings slumps on plans to exit super trusteeship
Mon 04:24
BUZZ-Australia's EQT Holdings slumps on plans to exit super trusteeship ** EQT Holdings' EQT.AX shares fall as much as 14.3% to A$16.09, their biggest drop since August 26, 2025
** Trustee and executor co says it will withdraw from offering independent superannuation trusteeship via its unit, Equity Trustees Superannuation Ltd (ETSL)
** The decision follows a strategic review of its superannuation trustee services business
** Co says ETSL board will consider options for the funds under its trusteeship and deliver on members' best financial interests
** Expect a one-off non-cash impairment charge estimated at nearly A$13 million ($9.11 million) in FY26 - EQT
** EQT down 30.9% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)
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