Investing
EIG CEO says consortium no longer willing to negotiate with Origin’s top investor
© Reuters. Blair Thomas, CEO of EIG, poses in an undated handout photo obtained January 5, 2021. Danthi Comunicacoes/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.
SYDNEY (Reuters) – EIG Partners CEO Blair Thomas said on Thursday the consortium behind the $10.6 billion bid for Origin Energy was “done” negotiating with top shareholder AustralianSuper in an attempt to gain its backing for the offer.
Thomas said he believed AustralianSuper, which holds 16.5% of Origin, was acting against the best interests of the company’s remaining shareholders.
EIG is part of the consortium led by Canada’s Brookfield.
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