MCCULLOUGH ROBERTSON ADVISES IN WORLD-FIRST MERGER

MCCULLOUGH ROBERTSON ADVISES IN WORLD-FIRST MERGER

Independent law firm McCullough Robertson has advised RACQ on its world-first merger with QT Mutual Bank (QTMB).


Headed by Partner Jim Peterson (pictured), the team acted for RACQ on various legal work streams, including due diligence, submission for regulatory approvals, drafting disclosure materials and transaction implementation.

The deal was finalised last month.

Peterson says the merger between a motoring body and an ADI is the first of its kind and will provide Queenslanders with a new member-owned force in banking.

"McCullough Robertson was delighted to advised RACQ on this potentially transformative transaction," he says.

"This is a world first, highly complex and game changing deal for two member-based organisations."

Peterson will be joined by RACQ General Manager Group Strategy, Mark Mugnaioni, at a special seminar in Brisbane on 14 February 2017 to discuss their experiences and the complexities of working on the transaction.

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