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BRIEF-Origin Energy announces sale of Cullerin range wind farm

Published 17/06/2016, 09:41 am
BRIEF-Origin Energy announces sale of Cullerin range wind farm
ORG
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June 17 (Reuters) - Origin Energy Ltd ORG.AX :

* Org announces sale of Cullerin Range wind farm ORG.AX

* Entered into a share sale agreement with Energy Developments Pty Limited

* Deal for for a cash consideration of $72 million

* Origin has entered into a long-term offtake agreement with Cullerin Range

Wind Farm Pty Ltd

* Upon completion of sale, the divestment program's cumulative proceeds to date

will total $468 million

* Planned sale of Cullerin range wind farm represents a 11.6x FY 2017 EBITDA

multiple to Origin

Source text for Eikon ID:nASXbMSW6G

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