Aug 3 (Reuters) - Origin Energy Ltd ORG.AX :
* Entered underwriting agreement for the sale of the 53.09 per cent shareholding in New Zealand stock exchange listed Contact Energy
* Transaction has been underwritten at a fixed price of NZ$4.65 per share
* Announces sale of entire interest in Contact Energy
* Will continue to hold upstream production and exploration interests in New Zealand
* Settlement for the transaction is expected to occur on 10 August 2015
* Sale will provide about NZ$1.8 billion in net proceeds to Origin
* Origin's access to contact's cash flow has been limited to 53.09 per cent of dividends"
* Sale proceeds will be used to repay debt and redeem NZ$200 million of redeemable preference shares issued by Origin Energy Contact Finance No.2
Source text for Eikon ID:nNZS74da