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AAP
AAP
Derek Rose

Link Group, Adbri agree to billion-dollar takeovers

Link Group Adbri TA ASX CRH Adelaide Sydney
Adbri and Link Group are both set to leave the ASX after agreeing to billion-dollar takeovers. (James Gourley/AAP PHOTOS)

Shares in Link Group and Adbri have soared after both companies agreed to billion-dollar takeovers set to shrink the bourse further.

Link Group, a Sydney-based provider of services to the superannuation industry with more than 6,000 employees around the world, announced on Monday it had agreed to be acquired by Japan's Mitsubishi UFJ Financial Group (MUFG) for $1.2 billion.

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