Equals Group Limited Signed a Letter of Intent to Acquire OFX Group Limited for AUD 233 million

Equals Group Limited signed a letter of intent to acquire OFX Group Limited (ASX:OFX) for AUD 233 million on July 23, 2026. As per consideration Equals Group Limited will AUD 1 per share for AUD 232.75 million.

The transaction Scheme Implementation Deed is subject to approval of merger agreement by target board, debt financing secured by acquirer and consummation of due diligence investigation and approval of offer by target shareholders. Equals has informed OFX that it has substantively completed its due diligence on OFX. The Board of Directors of OFX has carefully considered the proposal and its implications for shareholders.

Goldman Sachs Australia Equity Pty. Ltd. acted as financial advisor for OFX Group Limited. Allens acted as legal advisor for OFX Group Limited..

Read more