Australia's Origin Energy postpones vote on Brookfield's $10.6 bln bid

Yahoo Finance · 23 Nov 2023 3.2K Views




Nov 23 (Reuters) - Australia's Origin Energy said it would delay a shareholder vote due on Thursday to approve a $10.6 billion bid from a Brookfield-EIG consortium to consider a new offer received from the group.

The new offer proposes the sale of the energy markets business to Brookfield for A$12.3 billion ($8.00 billion), with a subsequent off market takeover offer by EIG for Origin, subject to certain conditions, the company said. ($1 = 1.5366 Australian dollars) (Reporting by Himanshi Akhand in Bengaluru)

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