HomeBUSINESSConsortium Concludes Negotiations with AustralianSuper Over $10.6 Billion Bid for Origin Energy

Consortium Concludes Negotiations with AustralianSuper Over $10.6 Billion Bid for Origin Energy

EIG Partners CEO Blair Thomas announced on Thursday that the consortium, including EIG Partners and led by Canada’s Brookfield, has concluded negotiations with top shareholder AustralianSuper regarding the $10.6 billion bid for Origin Energy. Thomas stated that the consortium is “done” negotiating with AustralianSuper, which holds a 16.5% stake in Origin.

Expressing his belief that AustralianSuper is not acting in the best interests of the company’s remaining shareholders, Thomas signaled the conclusion of discussions with the top shareholder. The consortium’s bid for Origin Energy has been a subject of significant attention, and the outcome of these negotiations will likely shape the future trajectory of the deal and the energy company.

Read Now:Deep-Sea Mining Poses Threat to Jellyfish and Ecosystems, Warns Study

[responsivevoice_button buttontext="Listen This Post" voice="Hindi Female"]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RELATED ARTICLES

Trending News

China Announces Territorial Sea Baseline in Beibu Gulf, Advancing Boundary Clarification

China has taken a significant step in clarifying its maritime boundaries by announcing the baseline of the northern part...

Understanding Lightning Strikes: How Data Is Improving Safety Measures

On a warm, humid day, the distant sight of tall clouds resembling cauliflower signals the approach of a thunderstorm....

Study Reveals Cannabis Strains High in CBD Offer Relief from Anxiety

Cannabis has long been a subject of fascination due to its paradoxical effects – some users find solace and...

Tesla Power India Introduces ReStore: India’s Premier Refurbished Battery Brand

Gurgaon: Tesla Power India is proud to unveil ReStore, India's leading refurbished battery brand, championing self-reliance, skill development, and...