Origin Energy (perhaps) to be acquired and broken apart?

Plenty of news continues in the energy space, and worth noting here that Origin Energy announced today that ‘Origin receives non-binding, indicative offer at $9.00 per share’ here:

2022-11-10-OriginEnergy-NonBinding-IndicativeOffer

… with the announcement above also referencing this 7-page Appendix A:

2022-11-10-OriginEnergy-AppendixA

 

Partly for our own future reference (but also because some readers have expressed their appreciation for the convenience), I’ve linked below some of the coverage of this I’ve seen at this point … so feel free to tag more in below in comments:

 

(A)  Media Coverage of the proposed acquisition

Apart from this article, here is some of the coverage I have seen:

1)   here on WattClarity:

(a)  Nothing else, at this point

2)   via the ABC:

(a)  On Thursday 10th November …

i.   Samuel Yang wrote ‘Origin surges 35pc on Brookfield buyout news, crypto routs as Binance deal collapses, ASX falls’.

(b)  Afterwards…

3)  via RenewEconomy:

(a)  On Thursday 10th November …

i.  Giles Parkinson wrote ‘Brookfield leads $18.4bn bid for Origin, plans to spend another $20bn on renewable transition’.

ii.  Giles also wrote ‘Tens of billions are ready for Australia’s renewable revolution: Can regulators and rule makers keep up?’.

(b)  Afterwards…

4)  via AFR:

(a) On Thursday 10th November …

i. Angela Macdonald-Smith and Elouise Fowler wrote ‘Origin backs $18.4b Brookfield, EIG takeover bid’ .

ii. Angela also wrote ‘State of Origin: from Boral spin-off to global private equity target’ .

iii. Chanticleer writes ‘Putin’s shadow hangs over Origin’s $18.4b megadeal’ .

iv. Anthony Macdonald, Sara Thompson and Kanika Sood wrote  ‘Citi, UBS in bidder’s camp for Origin; Barrenjoey, Jarden on defence’ .

(b)  Afterwards…

5)  via the Australian

(a) On Thursday 10th November …

i. Bridget Carter wrote  ‘Christmas may come early for bankers with Brookfield & EIG’s $18.4bn Origin Energy bid’ .

ii. Eric Johnston wrote  ‘No turning back as Origin Energy deal puts green energy in play’ .

iii. Perry Williams wrote  ‘Origin Energy fields $18.4bn takeover bid from Brookfield Asset Management’ .

(b)  Afterwards…

6)  via the Guardian

(a) On Thursday 10th November …

i. Peter Hannam wrote  ‘Origin Energy to be split in half and invest in renewables under new $18.4bn takeover bid’ .

(b)  Afterwards…

7)  via PV magazine

(a) On Thursday 10th November …

i. David Carroll wrote  ‘Origin board to back Brookfield’s $18.4 billion takeover bid’ .

(b)  Afterwards…

8)  via the Age/SMH

(a) On Thursday 10th November …

i. Nick Toscano wrote  ‘Origin Energy fields $18b takeover bid from Brookfield’ .

(b)  Afterwards…

  9)  via Reuters

(a) On Thursday 10th November …

i. Sonali Paul and Scott Murdoch wrote  ‘Origin Energy backs $11.8 bln buyout offer from Brookfield consortium’ .

(b)  Afterwards…

10)  via the Wall Street Journal

(a) On Thursday 10th November …

i. David Winning wrote  ‘Australia’s Origin Energy Gets $10 Billion Takeover Bid from Brookfield-Led Consortium’ .

(b)  Afterwards…

11)  via the Financial Times

(a) On Thursday 10th November …

i. Nic Fildes wrote  ‘Brookfield and EIG bid $12bn for Australia’s Origin Energy’ .

(b)  Afterwards…

12)  via the Market Herald

(a) On Thursday 10th November …

i. Josh Smith wrote  ‘Origin Energy (ASX:ORG) to back $18.4b takeover bid from Brookfield’ .

(b)  Afterwards…

13)  via the Business News Australia

(a) On Thursday 10th November …

i. David Simmons wrote  ‘Origin Energy receives $18.4 billion takeover offer from Brookfield-led consortium’ .

(b)  Afterwards…

… and there are no doubt others as well…

 

(B)  Industry Organisation comment

In addition to the media articles above, I’ve also seen the following from various industry organisations:

1)   The Australian Energy Council …

(a)  I’ve not seen anything?

2)   The Energy Networks Australia:

(a)  I’ve not seen anything?

3)   The Clean Energy Council:

(a)  I’ve not seen anything?

4)   The Smart Energy Council:

(a)  I’ve not seen anything?

5)  The Energy Users Association of Australia:

(a)  I’ve not seen anything?

 

(C)  Other comment

If we notice other comment, will add them in here…

1)   On Social media, I did notice today that some have raised concerns about the sale:

(a)  such as Tim Ryan here on LinkedIn.

(b)  Will link to others when time permits…


About the Author

Paul McArdle
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time. As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.

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