Perpetual says Bain discussions on track
Just a week out from Christmas, Perpetual has sought to reassure shareholders that its discussions around the sale of its Wealth Management business remain on track.
The company has flagged discussions continue into the first quarter of next year.
Perpetual announced to the Australian Securities Exchange (ASX) that it remained on track with respect to the exclusivity deed entered into with Bain Capital Private Equity in early November.
“These discussions regarding a potential transaction continue to progress and Perpetual and Bain have extended their exclusivity agreement into the first quarter of calendar year 2026,” it said.
“While discussions are progressing well, there is no certainty of reaching a binding agreement, or that any transaction would proceed,” it said.
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