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Origin to divest of upstream business, IPO planned for midcap explorer and producer

By:  
Creamer Media Senior Deputy Editor: Australasia
 
CORPORATE ACTIVITY
Australian energy major Origin Energy has unveiled plans to focus on its energy market business by spinning out its conventional upstream business. The company told shareholders on Tuesday that the new company, which would be subject to an initial public offering (IPO), would include the Otway gas and the BassGas projects, in Victoria and the Kupe gas project, in New Zealand.
 
 
 
 
 

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