Just thought I'd start a thread about Australia losing control of its important resources and businesses to foreign ownership.
Today's news is that one of our biggest Energy companies Origin energy has received an offer to sell out to a Canadian company. The directors of Origin are recommending the takeover probably because it is good value for the undervalued origin share price or maybe because they just can't be bothered fighting all the obstacles that our own government seems to put in the way of businesses here.
Of note is, that the Canadian company, Brookfield, is the same one that earlier tried unsuccessfully to gain control of AGL when its price was down and shut down one of our most important coal fired power stations that would have left us seriously underprepared to meet demand peaks.
Today's news is that one of our biggest Energy companies Origin energy has received an offer to sell out to a Canadian company. The directors of Origin are recommending the takeover probably because it is good value for the undervalued origin share price or maybe because they just can't be bothered fighting all the obstacles that our own government seems to put in the way of businesses here.
Of note is, that the Canadian company, Brookfield, is the same one that earlier tried unsuccessfully to gain control of AGL when its price was down and shut down one of our most important coal fired power stations that would have left us seriously underprepared to meet demand peaks.