Perpetual's Wealth Talks May Generate Brand-Value Debate -- Market Talk

Dow Jones

01/09

2230 GMT - Citi analyst Nigel Pittaway wonders how much longer Perpetual's efforts to sell its wealth-management business will take, flagging the value of the brand as a likely point of contention. The Australian company has been in exclusive talks with Bain Capital since November. Pittaway sees the value of the Perpetual brand, which may be integral for the company's residual corporate trust business, as a key discussion point in any deal. He tells clients in a note that a sale for A$500 million plus appropriate brand value, with only a modest capital gains tax impost, would be positively received by investors. Citi trims its target price 1% to A$20.60 and stays neutral on the stock, which is at A$19.37 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 08, 2026 17:30 ET (22:30 GMT)

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