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AustralianSuper rejects Brookfield offer to take part in Origin takeover

2023-11-13 12:57
SYDNEY Australian pension fund AustralianSuper said on Monday it had rejected "an eleventh hour and unsolicited" offer received
AustralianSuper rejects Brookfield offer to take part in Origin takeover

SYDNEY Australian pension fund AustralianSuper said on Monday it had rejected "an eleventh hour and unsolicited" offer received from a Brookfield-led consortium to take part in the takeover of Origin Energy, and said it will be voting against the deal.

Brookfield and EIG Partners earlier this month offered a "best and final" A$9.53 per share for Origin after raising a previous bid.

Australia's largest pension fund AustralianSuper opposes the offer and has already said it intends to use its stake last reported at 15% to vote against the deal at a Nov. 23 shareholder meeting.

(Reporting by Lewis Jackson in Sydney; Editing by Alasdair Pal)