ORG origin energy limited

News: ORG Origin Energy Says It Will Invest An Additional £36 Mln In Octopus Energy Group

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    Dec 23 (Reuters) - Origin Energy Ltd (ORG) :

    • IT WILL INVEST AN ADDITIONAL £36 MILLION IN OCTOPUS ENERGY GROUP
    • TOKYO GAS WILL TAKE A 9.7 PER CENT EQUITY SHARE IN OCTOPUS FOR A CONSIDERATION OF US$200 MILLION
    • OCTOPUS AND TOKYO GAS WILL ALSO ESTABLISH A NEW RETAILER, TG OCTOPUS ENERGY
    • TO MAINTAIN ITS 20% STAKE FOLLOWING PARTNERSHIP BETWEEN OCTOPUS AND TOKYO GAS
    • TG OCTOPUS ENERGY WILL BE 30:70 JV BETWEEN OCTOPUS & TOKYO GAS WHICH WILL SUPPLY RENEWABLE ENERGY
 
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