The logo of Australian energy company Origin is pictured in Melbourne, Australia, July 3, 2016.
REUTERS/Jason Reed/File Photo Acquire Licensing RightsSYDNEY, Nov 13 (Reuters) - Australian pension fund AustralianSuper said on Monday it had rejected an "eleventh hour" offer from a Brookfield-led consortium and its partner EIG to drop its opposition to their $10.5 billion bid for Origin Energy and join the takeover.
AustralianSuper said it was Origin Energy's largest shareholder, but did not specify the size of its stake as it has done in previous releases.
Brookfield argues its bid, which comes with the commitment of A$20 to A$30 billion worth of investment, will decarbonise Origin Energy faster than if the company remains in public hands.
However, AustralianSuper said on Monday it was also open to stumping up cash to fund Origin's transition.
Persons:
Jason Reed, AustralianSuper, EIG, Luke Edwards, Lewis Jackson, Alasdair Pal, Stephen Coates
Organizations:
REUTERS, Rights, Origin Energy, Financial, Brookfield, Renewable, Thomson
Locations:
Melbourne, Australia, Brookfield, Sydney