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Tim Buckley

Big Super shouldn’t block Brookfield’s bid for Origin Energy

AustralianSuper’s spoiler act trashes a key consideration that, along with members’ interests, the broader national interest should be paramount.

What kind of game is AustralianSuper, the country’s biggest super fund, playing with Origin Energy?

The pension behemoth, with $300 billion in assets under management and more than 3.26 million members, is shaping up to scuttle a bid by Canadian fund manager Brookfield, plus Singapore’s Temasek and GIC, to acquire Australia’s largest power company, gentailer Origin Energy.

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Tim Buckley is a director at Climate Energy Finance think tank.

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    Original URL: https://www.afr.com/companies/energy/big-super-shouldn-t-block-brookfield-s-bid-for-origin-energy-20231115-p5ek33