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Nat Mut/MLC merger canned
Wednesday 13th of May 1998
The plug has been pulled on a merger that would have created one of the biggest funds management groups in Australasia.National Mutual Holdings and Lend Lease Corporation (which owns MLC) announced today that they have abandoned their plans to merge their life insurance and funds management businesses.
The merged businesses would have had more than A$51 billion in assets under management....
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