Brookfield, EIG private equity consortium buying Origin Energy for $12.4 billion

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A consortium comprised of Brookfield Renewable Partners GIC, Temasek and MidOcean Energy, an LNG company formed and managed by EIG, on Monday said they...

A consortium comprised of Brookfield Renewable Partners BEP CA:BEPC, GIC, Temasek and MidOcean Energy, an LNG company formed and managed by EIG, on Monday said they agreed to acquire Australia’s Origin Energy Ltd. AU:ORG OGFGY for A$18.7 billion , including debt. The purchase price of A$8.91 per share is a premium over the stock’s closing price of A$7.92 a share. The firms first disclosed plans to buy Origin in November. The price announced on Monday amounts to a 53.

A consortium comprised of Brookfield Renewable Partners BEP BEPC , GIC, Temasek and MidOcean Energy, an LNG company formed and managed by EIG, on Monday said they agreed to acquire Australia’s Origin Energy Ltd. ORG OGFGY for A$18.7 billion , including debt. The purchase price of A$8.91 per share is a premium over the stock’s closing price of A$7.92 a share. The firms first disclosed plans to buy Origin in November. The price announced on Monday amounts to a 53.

 

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