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Origin fight shows emerging force of Australia’s mega-pensions

AustralianSupers rejection of the USD 12.5bn bid for Origin Energy is a clear display of the increasing clout of Australia’s giant pension funds.
Photo: Saeed Khan/AFP/Ritzau Scanpix
Photo: Saeed Khan/AFP/Ritzau Scanpix
By Amy Bainbridge / Bloomberg

AustralianSuper Pty’s latest rejection of the AUD 19.4bn (USD 12.5bn) bid for Origin Energy Ltd. signals more than a snub from the firm’s largest shareholder. It’s a clear display of the increasing clout of Australia’s giant pension funds.

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