WASHINGTON DC-based institutional investor EIG is poised to buy Australia's Origin Energy, the upstream operator of the Australia Pacific liquefied natural gas (APLNG) export project in Queensland. The proposed deal is part of an indicative offer of A$9 (US$5.78) cash per share for Origin by a consortium comprising Brook-field Asset Management with its affiliates and their managed funds and MidOcean Energy, formed and managed by EIG. The indicative proposal would see MidOcean acquire Origin's integrated gas business and Brookfield would take over the energy markets segment, which is an electricity retail and generation business. Origin's 27.5% stake in APLNG is the prized asset within the integ- rated gas segment. In addition, there are some exploration interests in Australia's onshore Cooper-Eromanga and Canning basins.
展开▼
