Bank of Montreal (BMO) submitted a confidential A$145 million cash proposal for Euroz Hartleys' capital markets division.
The acquisition targets a significant presence in the Western Australian mining and resources market.
Euroz Hartleys will retain its private wealth division under the current terms. Both firms intend to form a strategic alliance to preserve their existing relationship.
BMO holds exclusive due diligence rights until June 30, 2026. Discussions remain ongoing with no certainty of a final agreement.