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Top related persons:
AustralianSuper - 2 Scott Murdoch - 2 Lewis Jackson - 2 Dado Ruvic - 1 Brookfield - 1 Scott Perkins - 1 Perkins - 1 Alasdair Pal - 1
Top related locs:
Brookfield Australia's Sydney EIG Sydey Bengaluru
Top related orgs:
Brookfield - 2 Origin Energy - 2 Thomson - 2 REUTERS - 1 SYDNEY - 1 EIG Partners - 1 stockbroker Morgans - 1 Frontier Economics - 1

Search resuls for: "AusSuper"


2 mentions found


☆ Origin investors reject $10.6 bln Brookfield bid, company open to other funding
  + stars: | 2023-12-04 | by ( Scott Murdoch Lewis Jackson | Scott Murdoch | Lewis Jackson | ) www.reuters.com   time to read: +3 min
The deal was expected to fail after Origin's largest shareholder, A$300 billion ($198 billion) pension fund AustralianSuper, said it would reject the A$9.39 per share offer. AustralianSuper owns about 17% of Origin, which was enough to block the bid. Origin already has plans to develop 4 gigawatts by 2030, and Chairman Scott Perkins reaffirmed that strategy, adding that the company was open to working with other investors. "The way we've seen the energy transition is there's been plenty of scope for third party capital to invest alongside Origin," Perkins told reporters after the vote. In its statement, AustralianSuper said it would be a willing capital partner for Origin as it "prepares to transition over the coming decades".
Persons: Dado Ruvic, AustralianSuper, Brookfield, Scott Perkins, Perkins, Scott Murdoch, Lewis Jackson, Alasdair Pal, Miral Organizations: Brookfield, REUTERS, SYDNEY, Origin Energy, EIG Partners, Thomson Locations: Brookfield, Australia's, Sydney
☆ Top investor to vote against Brookfield's $9.8 bln offer for Origin Energy
  + stars: | 2023-10-30 | by ( Scott Murdoch Lewis Jackson | Scott Murdoch | Lewis Jackson | ) www.reuters.com   time to read: +2 min
AustralianSuper owns a 13.68% stake in Origin Energy and said the offer was "substantially below" its estimate of long-term value for Australia's biggest energy retailer. Origin shares were down 0.9% in early trade on Tuesday at A$9.10 each, which was above the $A8.81 offer price. Origin shares have been trading above the offer price since the deal got an approval from the country's competition regulator on Oct. 10. Origin shares closed at A$9.17 on Monday, 4.1% above the offer price. "The current offer from the Brookfield and EIG-backed consortium remains substantially below our estimate of Origin's long-term value," the firm said.
Persons: AustralianSuper, Max Vickerson, AusSuper, it’s, Scott Murdoch, Lewis Jackson, Sameer Manekar, Josie Kao, Lincoln, Chris Reese Organizations: Origin Energy, Brookfield, stockbroker Morgans, Frontier Economics, Energy, Thomson Locations: Brookfield, EIG, Sydey, Bengaluru
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