Origin’s Top Investor Lifts Stake Ahead of Brookfield Bid Vote

Origin Energy’s biggest shareholder AustralianSuper lifted its stake in the takeover target a week before the deciding shareholder vote on the Brookfield Asset Management-led bid.

AustralianSuper boosted its holding to 16.5% from about 15%, according to a stock exchange filing Tuesday. The confirmation came a day after the nation’s largest pension spurned an approach to take part in the bid, saying it has no interest in engaging with the consortium that includes EIG Global Energy Partners.

A further block of 17 million Origin shares traded at a market value of A$144.5 million ($92 million) on Tuesday afternoon, ...