30th Apr 2008 07:02
BG GROUP plc30 April 2008 News Release April 30, 2008 BG Group Proposal to Acquire Origin Energy BG Group plc ("BG Group"), a global integrated gas major, has approached OriginEnergy Limited ("Origin"), Australia's largest integrated energy company, with aproposal to acquire all of the shares in Origin at a cash price of A$14.70 pershare. The proposal is subject to shareholder and regulatory approvals and other termsand conditions common to transactions of this type. Origin has not yet considered the proposal. Discussions between the parties willtake place and shareholders will be advised of the outcome. BG Group advises that it intends that its cash requirement for the proposal willbe met from existing cash reserves and debt financing provided by a syndicate ofbanks. There are matters discussed in this media information that are forward lookingstatements. Such statements are only predictions and actual events or resultsmay differ materially. For a discussion of important factors which could causeactual results to differ from the forward looking statements, refer to theCompany's annual report and accounts for the year ended 31 December 2007. TheCompany does not undertake any obligation to update publicly, or revise, forwardlooking statements, whether as a result of new information, future events orotherwise, except to the extent legally required. Notes to Editors: BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategyfocused on connecting competitively-priced resources to specific, high-valuemarkets. Active in 27 countries on five continents, BG Group has a broadportfolio of exploration and production, Liquefied Natural Gas (LNG),transmission and distribution and power generation business interests. Itcombines a deep understanding of gas markets with a proven track record infinding and commercialising reserves. BG Group is being advised by Goldman Sachs International and Gresham AdvisoryPartners. Enquiries: Communications UK: +44 (0) 118 929 3717 Communications Australia: + 61 419 588 166 + 61 292 963 307 Out of hours UK media mobile: +44 (0) 791 718 5707 Investor Relations: +44 (0) 118 929 3025 Website: www.bg-group.com - ends - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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