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(Reuters) - TelstraSuper, the pension fund arm of telecom major Telstra, said on Wednesday it is exploring a potential merger with bigger peer Equip Super, which could create a combined fund with around A$60 billion ($40.57 billion) in management.
The two pension funds have signed a non-binding memorandum of understanding to explore a merger and set out the framework for its implementation.
"After considering a range of options, Equip Super was chosen as an ideal merger partner as their streng...
>>> Read more: Australian pension funds TelstraSuper, Equip Super plan to merge
The two pension funds have signed a non-binding memorandum of understanding to explore a merger and set out the framework for its implementation.
"After considering a range of options, Equip Super was chosen as an ideal merger partner as their streng...
>>> Read more: Australian pension funds TelstraSuper, Equip Super plan to merge
