The ACCC has granted authorisation with conditions for the proposed acquisition of Origin Energy (ASX: ORG) by Brookfield and MidOcean. The proposed acquisition comprises two interdependent transactions. The transactions will result in a consortium led by the Brookfield Global Transition Fund owning Origin's energy markets business, including Origin's electricity generation and electricity and gas retail businesses. MidOcean will own Origin's upstream gas interests. Under the Competition and Consumer Act, the ACCC must not grant authorisation unless it is satisfied in all the circumstances that the proposed acquisition would not be likely to substantially lessen competition, or that the likely public benefits would outweigh the likely public detriments.

https://www.miragenews.com/accc-greenlights-brookfield-midoceans-origin-1100123/

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