), nearing the conclusion of one of the biggest private equity-backed buyouts in the country announced last year.Once the deal is finalized, Origin will be broken up into two businesses – Energy Markets business to be acquired by Brookfield; while MidOcean Energy, the other consortium partner, would take control of Origin’s integrated gas business.
MidOcean Energy, which will gain control of Origin’s 27.5-per-cent stake in Australia Pacific LNG , has reached an agreement with ConocoPhillips to sell it a 2.49-per-cent stake in the project, Origin said in a statement.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »