Oct 25 (Reuters) - Origin Energy Ltd (ORG) :
- ORIGIN TO SELL 10 PER CENT IN AUSTRALIA PACIFIC LNG
- DEAL FOR A$2.12 BILLION
- ORIGIN WILL RETAIN ITS EXISTING SEATS ON AUSTRALIA PACIFIC LNG BOARD
- DIVESTMENT WILL NOT CHANGE ORIGIN'S ROLE AS UPSTREAM OPERATOR
- EXECUTED AN AGREEMENT WITH GLOBAL ENERGY INVESTOR, EIG, TO SELL A 10 PER CENT SHAREHOLDING IN AUSTRALIA PACIFIC LNG
- FOLLOWING COMPLETION OF SALE, AUSTRALIA PACIFIC LNG JV SHAREHOLDERS WILL COMPRISE CONOCOPHILLIPS OF 37.5%, ORIGIN 27.5% STAKE
- NET PROCEEDS OF SALE ARE EXPECTED TO BE ABOUT A$2.0 BILLION
- EXPECTS SALES PROCEEDS TO BE BROADLY IN LINE WITH CARRYING VALUE
News: ORG Origin Energy To Sell 10% Stake In Australia Pacific LNG
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$12.45 |
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Mkt cap ! $21.44B | |||
| Open | High | Low | Value | Volume |
| $12.40 | $12.48 | $12.34 | $46.03M | 3.700M |
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|---|---|---|
| 1 | 626 | $12.44 |
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| Price($) | Vol. | No. |
|---|---|---|
| $12.46 | 416 | 2 |
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