27th Aug 2008 07:00
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News Release |
27 August 2008
Origin Energy offer - New Zealand overseas investment approval obtained
BG Group plc announces that its wholly-owned subsidiary BG International (AUS) Investments 1 Pty Limited issued the following announcement to the Australian Securities Exchange (ASX) on 27 August 2008:
"BG International (AUS) Investments 1 Pty Limited ("BG"), a wholly-owned subsidiary of BG Group plc (LSE: BG.L), has obtained consent under the New Zealand Overseas Investment Act 2005 and the Overseas Investment Regulations 2005 to complete the acquisition of shares in Origin Energy Limited (ASX:ORG) under the Offer made pursuant to BG's takeover bid.
The consent is subject to confidential conditions, all of which are satisfactory to BG.
BG has therefore waived the condition set out in paragraph 4 of Appendix 2 of the Replacement Bidder's Statement dated 30 July 2008."
Ends.
Notes for Editors
About BG Group
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. Active in 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.
Contacts
Communications UK:
+44 (0) 118 929 3508 - Edel McCaffrey
+44 (0) 118 929 3110 - Jo Thethi
Out of hours UK media mobile:
+44 (0) 791 718 5707
Investor Relations UK:
+44 (0) 118 929 3025
There are matters discussed in this media information that are forward looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to the Company's annual report and accounts for the year ended 31 December 2007. The Company does not undertake any obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
Related Shares:
BG..L