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HomeBusiness NewsMLC owner Insignia Financial agrees to $3.3b takeover deal

MLC owner Insignia Financial agrees to $3.3b takeover deal

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The 179-year-old owner of MLC, Insignia Financial, has agreed to a takeover from private equity investors seeking to profit from Australia’s $4.2 trillion superannuation system, ending a drawn-out battle to buy the wealth manager.On Tuesday Insignia, formerly known as IOOF, backed a $3.3…


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