Beach buys Origin’s Lattice for A$1.58bn

September 28, 2017

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Australian oil and gas producer Origin Energy has struck a deal with fellow listed Beach Energy to divest of its conventional upstream oil and gas subsidiary Lattice Energy for A$1.58-billion.

Beach told shareholders on Thursday that the acquisition of Lattice would be a transformational transaction for the company, significantly enhancing its scale and creating a leading ASX-listed oil and gas mid-cap with diversity of production and growth options.

Category: General