AustralianSuper has blasted attempts by Brookfield to “buy more time” on its $18.7 billion bid for Origin Energy, describing an alternative deal as a “low-ball offer” that would shortchange investors in favour of a private equity consortium.
The $300 billion superannuation fund, which has 3.2 million members and owns about 17 per cent of Origin Energy, said it would reject a revised proposal for the ASX-listed generator and retailer from Brookfield and a consortium backed by US investment group EIG Global Energy Partners.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Ben Potter writes on energy, climate change and innovation, and has been Washington correspondent, opinion editor and companies editor. Connect with Ben on Twitter. Email Ben at bpotter@afr.com
