(Updates with details from paragraph 2)
Sept 21 (Reuters) - Australia's largest superannuation fund AustralianSuper said on Thursday it has increased its stake in Origin Energy (ORG) by 1.02%, taking its total shareholding in the power producer to 13.68%.
Based on Origin's last closing level of A$8.670, the additional stake in the power producer is valued at A$151.3 million ($97 million), according to Reuters calculation.
"Origin’s current share price is substantially below our estimate of its long-term value and this is why we have increased our holding in the company," AustralianSuper said.
Both the companies did not immediately respond to Reuters' request for details.
($1 = 1.5601 Australian dollars)
News: ORG UPDATE 1-AustralianSuper increases stake in Origin Energy to 13.68%
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Last
$12.42 |
Change
0.020(0.16%) |
Mkt cap ! $21.39B | |||
| Open | High | Low | Value | Volume |
| $12.39 | $12.42 | $12.34 | $27.91M | 2.251M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 286 | $12.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.42 | 96018 | 1 |
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| ORG (ASX) Chart |