Australia's AUB shares plunge as EQT, CVC abandon $3.44 billion takeover offer

Reuters
2025.11.30 23:47
portai
I'm PortAI, I can summarize articles.

AUB Group said on Monday its suitors EQT and CVC Asia Pacific had walked away from takeover talks that valued the Australian insurance broker at A$5.25 billion ($3.44 billion), sending its shares more than 17% lower.The Sydney-based firm's shares plunged 17.1% by 2338 GMT to A$30.91, heading for their weakest session since late January 2015.($1 = 1.5272 Australian dollars)