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BRIEF-Origin Energy to sell Lattice Energy to Beach Energy for $1.59 bln

Published 28/09/2017, 09:03 am
© Reuters.  BRIEF-Origin Energy to sell Lattice Energy to Beach Energy for $1.59 bln
ORG
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Sept 28 (Reuters) - Origin Energy Ltd ORG.AX

* Origin agrees to sell Lattice Energy for $1,585 million

* Proceeds from sale will be used to pay down debt, putting origin on track to reduce adjusted net debt to below $7 billion by 30 june 2018

* Entered agreement to sell Lattice Energy, to Beach Energy for $1,585 million

* Secured access to a significant portion of Lattice Energy's future east coast gas production under long-term gas supply agreements

* As part of sale, co entered into agreements with Lattice Energy to secure access to long-term gas supply

* Entered into supply agreements for lpg production from Bassgas And Otway, which will continue to supply Origin's Lpg Business

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