TelstraSuper and Equip Super have entered into a merger agreement after the former announced that it was looking for a merger partner in May.
The combined entity will have around $60 billion in funds under management with more than 225,000 members.
Heritage industries of both funds include telecommunications, entertainment, energy, mining, healthcare and education.
Both funds will continue to operate independently at this time. Pending the outcomes of due diligence, a Successor Fund Transfer is expected to take place in late 2025.
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