Origin Energy (ASX: ORG) has today accepted an $18.7 billion takeover deal from a consortium led by Canada-based asset manager Brookfield, which has pledged to invest billions of dollars to accelerate the decarbonisation of its target.
Under the agreement, Brookfield will acquire Origin’s energy markets business while US-based MidOcean - an LNG company formed and managed by EIG – will take partial control of the integrated gas business Australia Pacific LNG (APLNG).
It comes more than four months after Origin announced it had received a $9 per share takeover proposal from the consortium, which was revised four weeks ago and trimmed down to $8.90.
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