Origin suitor EIG expects intervention

Original article by Perry Williams
The Australian – Page: 13 & 16 : 14-Nov-22

US private equity firm EIG has teamed up with Canadian firm Brookfield to make a $18.4 billion bid for Origin Energy, with EIG expected to acquire Origin’s integrated gas business if the bid succeeds. EIG CEO R Blair Thomas says it has had to deal with windfall taxes and price caps at its German and UK operations, and expects that the federal government will intervene in Australia’s domestic gas market. Thomas says the gas industry needs to keep the public onside as it progresses through the energy transition, with many households angry about soaring gas prices.

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, EIG GLOBAL ENERGY PARTNERS, BROOKFIELD ASSET MANAGEMENT INCORPORATED

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