Cbus and Connect to merge

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AUSTRALIA - Cbus Super and CONNECT Super have announced intentions to merge, creating an A$15bn (US$13.8bn) fund covering 600,000 members in the building and constructions industry.

The two industry superannuation funds have, in principle, agreed to complete the merger by October 1, pending the result of due diligence activities by both funds' trustees. Cbus currently has arou...

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