Brief: Perpetual Announces Sale Of Wealth Management Business
16/03/2026 24:52
March 16 (Reuters) - Perpetual Ltd PPT.AX: SALE OF WEALTH MANAGEMENT BUSINESS TO SELL WEALTH MANAGEMENT BUSINESS TO BAIN CAPITAL PRIVATE EQUITY DEAL INCLUDES UPFRONT CASH PAYMENT OF A$500 MILLION SUBJECT TO ADJUSTMENTS CURRENT INTENTION OF PARTIES IS TO COMPLETE TRANSACTION TOWARDS END OF 2026 CALENDAR YEAR TO LICENSE 'PERPETUAL WEALTH' AND 'PERPETUAL PRIVATE' BRANDS FOR 15 YEARS Further company coverage: PPT.AX ((Reuters.Briefs@thomsonreuters.com;))
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