BG Group Bids for Origin Energy

Global gas giant BG Group has made an offer for Origin Energy, Australia's largest integrated energy company.

The offer to acquire all of the shares in Origin at a cash price of A$14.70 per share is subject to shareholder and regulatory approvals.

Origin says it has not yet considered the proposal but discussions between the two parties are expected to take place soon.

BG Group is being advised by Goldman Sachs International and Gresham Advisory Partners.

By staff writer