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Top related persons:
Dado Ruvic - 1 AustralianSuper - 1 Canada's Brookfield - 1 Brookfield - 1 Jamie Hannah - 1 Simon Mawhinney - 1 Allan Gray - 1 Stewart Upson - 1
Top related locs:
VanEck Brookfield Temasek Saudi Australia Sydney Bengaluru
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Brookfield - 1 REUTERS - 1 SYDNEY - 1 bourse - 1 Brookfield Asia - 1 Energy Markets - 1 Saudi Arabia's Aramco - 1 Australia Pacific LNG - 1

Search resuls for: "Brookfield Asia"


3 mentions found


☆ Origin Energy top investor rejects fresh Brookfield $10.5 bln bid, shares fall
  + stars: | 2023-11-01 | by ( Scott Murdoch Lewis Jackson | Scott Murdoch | Lewis Jackson | ) www.reuters.com   time to read: +4 min
"AustralianSuper believes Origin has a highly strategic portfolio of assets to participate in, and benefit from, the energy transition," a spokesperson said. Origin shares plunged as much as 5.6% to A$8.565 in high-volume trading following the news, as AustralianSuper's 13.68% holding could scupper a deal that requires approval from 75% of the register if not all investors vote. Should the deal fail at the shareholder vote scheduled for Nov. 23, a revised agreement allows the consortium to make a subsequent off-market bid if it buys 5% or more of Origin shares. "If it gets voted down, Brookfield aren't obligated to come back with an off-market takeover offer, but they may be inclined to," he said. Should the deal close, Brookfield and its partners GIC and Temasek will own Origin's Energy Markets business, which includes power generation and retailing.
Persons: Dado Ruvic, AustralianSuper, Canada's Brookfield, Brookfield, Jamie Hannah, Simon Mawhinney, Allan Gray, Stewart Upson, Scott Murdoch, Lewis Jackson, Sameer Manekar, Jamie Freed Organizations: Brookfield, REUTERS, SYDNEY, bourse, Brookfield Asia, Energy Markets, Saudi Arabia's Aramco, Australia Pacific LNG, Thomson Locations: VanEck, Brookfield, Temasek, Saudi, Australia, Sydney, Bengaluru
☆ Origin's buyers undaunted by Australian energy policy headwinds in $10 bln deal
  + stars: | 2023-03-28 | by ( Scott Murdoch Praveen Menon | Scott Murdoch | Praveen Menon | ) www.reuters.com   time to read: +3 min
Origin, Australia's top energy retailer, on Monday agreed to the long-running takeover offer from the consortium, nearing the conclusion of one of the country's biggest private equity-backed buyouts. Once the deal is completed, EIG's MidOcean Energy will take control of Origin's integrated gas business. Thomas said government policy swings world over are a by-product of the volatility associated with the tension between energy security and the transition to cleaner energy. Origin, Australia's No. Brookfield said it plans to invest a further A$20 billion of capital to fully replace Origin's power generation and its power purchases with green power over a decade.
☆ Brookfield consortium trims offer for Australia's Origin Energy to $10.5 billion
  + stars: | 2023-02-21 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com   time to read: +3 min
Feb 22 (Reuters) - A Brookfield-led consortium trimmed its offer for Origin Energy by 1% on Wednesday, valuing Australia's no.2 power producer and energy retailer at A$15.33 billion ($10.5 billion), after government moves to cap gas prices hit valuations in the sector. The consortium's first offer in November of A$9 per share was a near 55% premium to its previous close and valued Origin A$15.5 billion. Argo Investments, Origin's ninth largest investor, said the revised offer was still good value for the takeover target. The revised offer comprises A$8.90 apiece for the first 100,000 Origin shares. Almost 75% of Origin's shareholders own fewer than 100,000 shares, according to its annual report.
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