Euroz Hartleys Group (ASX:EZL) confirmed that it is in talks with Toronto Stock Exchange-listed BMO Financial Group on a potential acquisition of the company's Capital Markets business for AU$145 million, according to a Friday filing with the Australian bourse.

BMO Financial Group's non-binding and conditional proposal is subject to conditions, including entry into an alliance agreement with the company's Private Wealth business to preserve the relationship between the Capital Markets and Private Wealth businesses, the filing said.

The transaction is subject to the completion of due diligence under a period of exclusivity, negotiation, and execution of definitive transaction documentation between BMO and the company. There is no certainty that the talks may lead to a transaction, per the filing.