WIB Corporate Pty Ltd acquired Sequoia Insurance Brokers Pty Ltd and Interprac General Insurance Pty Ltd from Sequoia Financial Group Limited (ASX:SEQ) for AUD 5 million on July 2, 2024. A cash consideration of AUD 1 million will be paid by WIB Corporate Pty Ltd. WIB Corporate Pty Ltd will pay an earnout/contingent payment of AUD 4 million cash. As part of consideration, AUD 5 million is paid towards common equity of Sequoia Insurance Brokers and Interprac General Insurance.

WIB Corporate Pty Ltd completed the acquisition of Sequoia Insurance Brokers Pty Ltd and Interprac General Insurance Pty Ltd from Sequoia Financial Group Limited (ASX:SEQ) on July 2, 2024.