Announced
Completed
Synopsis
LGIAsuper, a superannuation consultant, completed the acquisition of the superannuation business of Suncorp, an insurance brokerage firm, for $45m. “This acquisition, combined with the Energy Super merger, will achieve an ideal, sustainable fund size, while maintaining our status as a boutique and personal superannuation provider. With the superannuation industry consolidating rapidly, we want to see our Queensland-based funds thrive in an increasingly complex and competitive national market, and the best way to do that is together," Kate Farrar, LGIAsuper CEO.
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