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Article: Origin keeps funding options open.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Clancy Yeates
Nov 02, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- Origin Energy will pay $A712.5m for Woodside Petroleum's stake in the Otway gas project. The acquisition will be financed via the energy group's cash reserves and debt facility. MD Grant King has not ruled out a capital raising to finance future acquisitions or its proposed LNG joint venture with ConocoPhillips. Origin is also a leading candidate to acquire some of the New South Wales Government's energy assets.
Publication Date: 3 November 2009
ORIGIN ENERGY LIMITED - ASX ORG
WOODSIDE PETROLEUM LIMITED - ASX WPL
CONOCOPHILLIPS
DEUTSCHE BANK AG ...