Announced
Synopsis
IOOF, an Australian financial services company, agreed to acquire MLC Wealth, the wealth management unit of National Australia Bank, one of the four largest financial institutions in Australia, for $1.1bn. "The combination of IOOF and MLC brings wide-ranging capabilities, technical expertise and a purpose driven mindset to enable the new-era group to significantly enhance choice, accessibility and client experience," Renato Mota, IOOF CEO.
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