Australia’s Origin Vitality postpones vote on Brookfield’s $10.6 bln bid

Nov 23 (Reuters) – Australia’s Origin Vitality stated it will delay a shareholder vote due on Thursday to approve a $10.6 billion bid from a Brookfield-EIG consortium to think about a brand new supply obtained from the group.

The brand new supply proposes the sale of the vitality markets enterprise to Brookfield for A$12.3 billion ($8.00 billion), with a subsequent off market takeover supply by EIG for Origin, topic to sure circumstances, the corporate stated. ($1 = 1.5366 Australian {dollars}) (Reporting by Himanshi Akhand in Bengaluru)