SYDNEY, Dec 6 (Reuters) - Australia's Origin Energy (ORG) will spin off its interests in conventional oil and gas fields, launching a new listed company in an initial public offering, the company said Tuesday.
The new entity "will be a mid-cap geographically diversified upstream exploration and production company," Origin said in a statement.
The company will retain its energy markets businesses and its Australia Pacific LNG business, Origin said.
News: Australia's Origin Energy to spin off oil and gas assets in IPO
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Last
$12.70 |
Change
0.115(0.91%) |
Mkt cap ! $21.81B | |||
| Open | High | Low | Value | Volume |
| $12.58 | $12.70 | $12.54 | $4.873M | 385.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 11810 | $12.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.70 | 27518 | 14 |
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| ORG (ASX) Chart |