SYDNEY — Swedish private-equity firm EQT AB has launched a takeover bid for Australia's AUB Group, valuing the insurance broker at approximately A$5.25 billion (US$3.41 billion), according to company filings and market reports.

Under the proposal, EQT's affiliate would acquire 100 % of AUB Group's shares via an all-cash offer of A$45 per share, representing roughly a 25 % premium to AUB's last traded closing price. AUB's board has agreed to begin exclusive due-diligence negotiations with EQT, but stressed that there is "no guarantee" the proposal will lead to a transaction.

AUB Group (ASX: AUB) is a leading Australian........

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