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Energy Super cements merger with LGIAsuper

Corrs Chambers Westgarth has advised Energy Super on its merger with LGIAsuper.

July 21, 2021 • By Emma Musgrave
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Energy Super cements merger with LGIAsuper
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Firms: Corrs Chambers Westgarth (Energy Super); Undisclosed (LGIAsuper).

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Deal: Energy Super has merged with LGIAsuper.

 
 

Value: $28 billion.

Area: M&A.

Key players: The Corrs legal team was led by head of financial services Michael Chaaya.

Deal significance: The merger is set to create a membership of approximately 250,000 members and is expected to increase investment opportunities; deliver strong and sustainable, long-term returns; lower investment and administration fees; improve access to enhanced products and services; and provide even greater presence in regional areas.

“Corrs is excited to have advised our longstanding Queensland client Energy Super in this matter,” said Mr Chaaya.

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“Regulatory and market pressure will continue to be a feature of the Australian superannuation landscape, and we are delighted to have achieved such a successful outcome despite these challenges.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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