Oil and gas firm BG gives up Origin interest

Oil and gas firm BG Group today conceded defeat in its attempt to buy Australian company Origin Energy.

Oil and gas firm BG gives up Origin interest
Tue, 09 Sep, 2008 - 09:47

Oil and gas firm BG Group today conceded defeat in its attempt to buy Australian company Origin Energy.

BG will not raise or extend its £6.7bn (€8.3bn) offer after Origin agreed a deal with ConocoPhillips to spin off its coal-seam gas (CSG) assets.

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