Australia's clean energy plan muddles $10.6 billion takeover fight for Origin streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
The long-term value of hotly
contested $10.6 billion takeover target Origin Energy
has been muddied by a government plan to accelerate the rollout
of renewable energy, announced just hours before a.
The long-term value of hotly contested $10.6 billion takeover target Origin Energy has been muddied by a government plan to accelerate the rollout of renewable energy, announced just hours before a key shareholder vote. The Australian government announced plans on Thursday to underwrite 32 gigawatts (GW) of new wind, solar and battery projects. Two energy experts told Reuters it could spur investment worth at least A$30 billion ($20 billion).
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
Origin shares have been trading above the offer price since the deal got an approval from the country s competition regulator on Oct. 10. Origin shares closed at A$9.17 on Monday, 4.1% above the offer price.