AUB Group ends takeover talks as consortium withdraws offer

The consortium backed out of its A$45 per share binding proposal.

AUB Group Limited (AUB) has ceased talks with a consortium that earlier intended to take over the insurance brokerage company.

The consortium, which involves EQT AB and CVC Asia Pacific Limited (CVC), advised AUB that it does not intend to proceed with the earlier binding proposal of A$45 per share, according to a filing at the Australian Securities Exchange. 

Both parties have agreed to terminate discussions as a result. The AUB board said that the price appropriately values AUB in the current market condition.

Michael Emmett, AUB chief executive officer and managing director, said that they will now fully focus on advancing AUB’s portfolio of “organic growth initiatives and acquisition opportunities.”

“We remain confident in AUB Group’s forecast FY26 financial performance and see significant opportunities to grow profits in FY27 and beyond,” Emmett said in the ASX statement.