NewsBite

Van Eck backs in-doubt Origin takeover ahead of crucial vote

Ben Potter

Origin Energy shareholder Van Eck says it will vote in favour of Brookfield and EIG’s $20 billion takeover offer, but has flagged that the company will have to accelerate its decarbonisation plans regardless of the outcome.

Proxy voting – those cast ahead of a meeting of shareholders to decide whether the takeover proceeds – were due on Tuesday afternoon, amid intense lobbying from Origin, its suitors and their advisers. Despite this, the market expects the takeover not to gain enough support.

Loading...
Ben Potter was a senior writer at The Australian Financial Review.

Read More

Latest In Energy & climate

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/policy/energy-and-climate/van-eck-backs-in-doubt-origin-takeover-ahead-of-crucial-thursday-vote-20231121-p5eloz