Australia's EQT Holdings surges to 6-month high on buyout bid from BGH Capital

EQT Holdings

21/08/2026 03:51

** Shares of Australia's EQT Holdings EQT.AX rise as much as 14.2% to A$23.100, hitting their highest level since February 19
** Investment manager receives takeover proposal from private equity firm BGH Capital, valuing the company at A$663.1 million ($473.12 million) 
** BGH offers A$24.75 in cash per share, 20 AU cents above the buyout bid from asset manager TPG Global on August 18
** BGH's offer represents a 22.4% premium to EQT's last close on Thursday
** EQT shares up 25.10% so far this week, their highest level since 2004
** Stock down 7% YTD, including session's moves 

($1 = 1.4025 Australian dollars)



 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))