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Brickworks and Soul Patts Propose $15.5B ASX Merger with Topco Launch

10:21am on Monday 4th of August, 2025 AEST Materials
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Brickworks and Soul Patts Propose $15.5B ASX Merger with Topco Launch

10:21am on Monday 4th of August, 2025 AEST
Key Points
  • Proposed merger to create Topco, a newly capitalised ASX-listed company
  • Brickworks shareholders to receive 0.82 Topco shares per Brickworks share
  • Topco to raise approximately $1.4 billion via equity raising
  • Combination removes longstanding cross-shareholding between Brickworks and Soul Patts
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