ORG origin energy limited

News: ORG Origin Energy to sell Lattice Energy to Beach Energy for $1.59 bln

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    Sept 28 (Reuters) - Origin Energy Ltd (ORG)

    • Origin agrees to sell Lattice Energy for $1,585 million
    • Proceeds from sale will be used to pay down debt, putting origin on track to reduce adjusted net debt to below $7 billion by 30 june 2018
    • Entered agreement to sell Lattice Energy, to Beach Energy for $1,585 million
    • Secured access to a significant portion of Lattice Energy's future east coast gas production under long-term gas supply agreements
    • As part of sale, co entered into agreements with Lattice Energy to secure access to long-term gas supply
    • Entered into supply agreements for lpg production from Bassgas And Otway, which will continue to supply Origin's Lpg Business
 
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Last
$12.50
Change
0.100(0.81%)
Mkt cap ! $21.53B
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