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Origin Energy shareholder VanEck Australia will support the $10.5 billion bid from Canada's Brookfield and EIG, according to a senior executive, one of only a handful of funds to reveal their hand ahead of the shareholder vote next Thursday. The Brookfield consortium's A$9.53 offer is a "good premium" given the uncertainty around Origin Energy's ability to profit from the shift to renewable energy, according to Jamie Hannah, deputy head of investments and capital markets at VanEck, which owns a 0.3% stake in Origin. Critics of the bid argue it undervalues Origin's 20% stake in British renewable energy utility Octopus Energy, but Hannah said the assets are tricky to price. ....
(Bloomberg) Origin Energy Ltd.’s top investor AustralianSuper has raised its stake in the energy company after rejecting an improved A$19.4 billion ($12.5 billion) takeover offer from a Brookfield Asset Management Inc.-led consortium.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashIntuit Is Closing Personal-Finance App Mint, Shifts Users to Credit KarmaIsrael Latest: Blinken Set for Talks With Netanyahu ....
Origin Energy top investor rejects fresh Brookfield $10.5 bln bid, shares fall naturalgasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasworld.com Daily Mail and Mail on Sunday newspapers.
"AustralianSuper believes Origin has a highly strategic portfolio of assets to participate in, and benefit from, the energy transition," a spokesperson said. ....