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The New Daily
The New Daily
AAP

Origin Energy recommends $18.7 billion takeover offer

The Origin Energy board has recommended shareholders vote in favour of a takeover offer. Photo: AAP

Australia’s biggest power utility Origin Energy is set to be acquired for $18.7 billion by a consortium led by Canada’s Brookfield and its US partner EIG.

The prospective buyers have entered into a scheme implementation deed to buy all of Origin’s listed capital, valuing its shares at $8.91 each compared to a closing price on Monday of $8.17.

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