Brookfield still scouring Australia for climate deals despite Origin, AGL setbacks
One of Brookfield's most senior executives tells Capital Brief there are "certainly other opportunities in Australia" for a landmark deal beyond Origin Energy.
Canadian asset management giant Brookfield may have been rebuffed in its two attempts to pull of a major energy transition acquisition in Australia with tilts at both AGL and Origin Energy failing, but don't expect it to throw in the towel on the investing theme in this country.
Jeh Vevaina, a managing partner in Brookfield's renewable power and transitions group told Capital Brief in an interview that while Origin Energy was a good fit for the company's goals “it’s not the only one” in the Australian market or elsewhere that the fund manager is interested in.
“We want to find large-scale opportunities which we can help a company transition. We’re open to multiple ones. There are certainly other opportunities in Australia and globally also. This is a sector we’re very bullish on.”
While the final status of Brookfield's pursuit of Origin is still up in the air (after shareholders voted down its $20 billion takeover bid last month it could return with another offer, or go hostile) one thing is clear: Brookfield doesn't do things by halves.
