Merger

esi_spec_merger

ESI Super and SPEC Super merger to proceed

Australian energy industry superannuation funds ESI Super and SPEC Super have signed a merger agreement, giving the green light to the creation of a new $3.4 billion fund. The agreement follows the recent due diligence process which confirmed the benefits for the members of both funds. The merger, which is expected to be completed by March 2011, will see the creation of one of Australia’s largest energy industry funds. For more information click here.