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ORIGIN ENERGY LIMITED — M&A Activity 2023
Oct 9, 2023
65507_rns_2023-10-09_e93de961-0920-4c20-b6e2-0018bea9324e.pdf
M&A Activity
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| ToCompany Announcements OfficeCompanyASX LimitedFromHelen HardySubjectACCC grants authorisation | Facsimile1300 135 638 |
|---|---|
| Date10 October 2023 | |
| Pages2 | |
Please find attached a release on the above subject.
Authorised for lodgement by:
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Helen Hardy Company Secretary 02 8345 5000
Origin Energy Limited ABN 30 000 051 696 • Level 32, Tower 1, 100 Barangaroo Avenue, Barangaroo, NSW 2000 GPO Box 5376, Sydney NSW 2001 • Telephone (02) 8345 5000 • Facsimile (02) 9252 9244• www.originenergy.com.au
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ASX/Media release
10 October 2023
ACCC grants authorisation
Origin Energy Limited (Origin) today noted the Australian Competition and Consumer Commission (ACCC) has granted authorisation for the proposed acquisition of the Company by the Consortium comprising Brookfield Asset Management (Brookfield) and MidOcean Energy, an entity managed by EIG Partners.
The authorisation is granted on the basis of undertakings which have been provided separately by Brookfield, AusNet and MidOcean and which have been published by the ACCC.
The ACCC’s decision marks an important milestone in the proposed acquisition of Origin and the parties will continue to progress with the next steps in the Scheme process. Origin notes that the transaction remains subject to the satisfaction of outstanding conditions, including additional regulatory approvals by the Foreign Investment Review Board, National Offshore Petroleum Titles Administrator and certain other foreign investment approvals.
Next steps
At this stage, shareholders do not need to take any action. Origin is well advanced in the process of preparing the information shareholders need to make an informed decision and have their say on the proposed transaction, including the Scheme Booklet (and an Independent Expert’s Report) to be sent to shareholders.
It is Origin’s intention to provide shareholders with a copy of the Scheme Booklet, including the Independent Expert’s Report and notice of Scheme Meeting, in the coming weeks.
For further information:
Media Investors Anneliis Allen Peter Rice Ph: +61 2 8345 5119 Ph: +61 2 8345 5308 Mobile: +61 428 967 166 Mobile: +61 417 230 306