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IOOF's acquisition of NAB's MLC Wealth Management unopposed by competition regulator

( December 13, 2020, 23:32 GMT | Official Statement) -- MLex Summary: Australian financial services company IOOF's plans to acquire National Australia Bank-owned MLC Wealth Management can proceed after the country's competition watchdog said it wouldn't oppose the deal. In a statement today, the Australian Competition & Consumer Commission said feedback from customers, financial advisers and other industry participants suggested that the deal would not be likely to substantially lessen competition. The Australian competition watchdog's statement follows: ...

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