I'm surprised the team at IFN haven't already released a statement about yesterday. Checking OZL today they have nipped speculation in the bud. Something gets printed, they responded. The most I can make sense of this is that it is the Brookfield exit. The share numbers match.
Which Brookfield though?
https://www.marketscreener.com/INFIGEN-ENERGY-LIMITED-6498318/company/
TCI Fund Management Ltd. 250,453,481 26.0% 1 Brookfield Asset Management Inc. 86,424,171 8.98% 2 Brookfield Capital Management Ltd. 86,424,171 8.98% 3 Australian Ethical Investments Ltd. (Investment Management) 50,478,162 5.25% 4 MLC Investments Ltd. 46,808,382 4.86% 5 Vinva Investment Management Ltd. 45,960,229 4.78% 6 Colonial First State Asset Management (Australia) Ltd. 36,022,766 3.74% 7 Fidelity Management & Research Co. 19,251,666 2.00% 8 The Vanguard Group, Inc. 17,052,865 1.77% 9 Westchester Capital Management LLC 13,363,226 1.39%
Fortunately Brookfield Capital and Brookfield Asset operate as separate entities. So I dont expect to see the departure of both. I'm glad MUFG is making in roads into Aust Renewables thats for sure.
Utilities are always seen as a recession proof investment, akin to bonds.
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