May 19 (Reuters) - Origin Energy Ltd (ORG) :
- Origin lifts asset divestments to $1 billion
- Enters into agreement with Jemena Gas Pipelines Holdings Pty Ltd for sale of Darling Downs pipeline network for $392 million
- Net proceeds of divestment will be used to reduce debt
- On track to achieve target of adjusted net debt of below $9 billion by 30 June 2017
- Continue to make progress on divestment of Origin's conventional upstream business, lattice energy, during calendar 2017
- Origin CEO Frank Calabria said sale of Darling Downs pipeline network, represents a 16.9X FY2018 EBITDA multiple to Origin
News: ORG Origin Energy sells Darling Downs pipeline network
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$12.50 |
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0.100(0.81%) |
Mkt cap ! $21.53B | |||
| Open | High | Low | Value | Volume |
| $12.45 | $12.50 | $12.35 | $36.58M | 2.938M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7087 | $12.48 |
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| Price($) | Vol. | No. |
|---|---|---|
| $12.50 | 46514 | 1 |
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