BetaShares Capital Limited entered into an agreement to acquire Bendigo Superannuation Pty Limited from Bendigo and Adelaide Bank Limited (ASX:BEN) on September 27, 2023. As part of the transaction, it expected that number of Bendigo and Adelaide Bank employees will transfer to Betashares to ensure continuity of service and offering to Fund members. The sale is subject to customary regulatory approvals and conditions and is expected to complete during 2024.

Robert Pick, Daniel Conti, Michelle Levy, Ally Crowther, Craig Milner, Jennifer Cu, Sikeli Ratu and Sarah Lunny of Allens acted as the legal advisor to Bendigo and Adelaide Bank Limited (ASX:BEN).