You are here:

Origin Energy to acquire Sun Retail

Sun Retail customers can expect a bright future

On the 27 November 2006, Origin Energy entered into an agreement to purchase Sun Retail for A$1,202 million from the Queensland Government. Settlement of the transaction is expected to occur on the 1 February 2007 and the acquisition will be effective from that date.

View the full ASX/ media release

Did you know Origin Energy

  • is an Australian owned company
  • has a long history in Queensland dating back to the supply of LPG in the 1960s and our acquisition of the Brisbane Gas Company in 1971, which was established in the early 1890s
  • has the national headquarters of its oil and gas exploration and production, as well as its LPG business, in Brisbane.
  • employs 620 Queenslanders
  • supplies natural gas to over 90,000 gas customers and around 123,000 LPG customers in Queensland
  • is Australia's largest retailer of Green Power with over 100,000 customers
  • is Australia's largest coal seam gas producer, supplying 30% of Queensland's upstream gas sales
  • has ongoing interests in Queensland's Surat and Bowen basins.

Snapshot of Origin Energy

Origin Energy is a top 100 ASX listed company involved in gas and oil exploration and production, energy retailing, power generation and utility network management.

  • 140-year history
  • 3,400 employees in Australia, New Zealand and the Pacific
  • More than 3 million electricity, natural gas and LPG customers in Australia, New Zealand and the Pacific
  • More than 105,000 shareholders

Want to know more?

 

back to top