AUSTRALIA - The merger between the A$2.4bn (US$2.5bn) StatewideSuper and the A$1.7bn Local Super will move to the next stage, beginning the due diligence process following approval in principle from the funds' major shareholders.
StatewideSuper chairman Nicholas Begakis and Local Super chairman Juliet Brown said the merger has gained support from shareholders in principle from Business SA, SA Unions, the Local Government As...
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