Brief: Australia's Origin Energy To Invest $140 Million in First Standalone Kraken Raising

Origin Energy

29/12/2025 21:33

Dec 30 (Reuters) - Origin Energy Ltd ORG.AX:

ASX ALERT-FIRST STANDALONE KRAKEN RAISING, ORIGIN RETAINS EQUITY STAKE-ORG.AX

US$1 BILLION IN EQUITY WILL BE RAISED IN KRAKEN'S FIRST STANDALONE RAISING FROM A POOL OF NEW INVESTORS AND EXISTING SHAREHOLDERS

ORIGIN WILL INVEST US$140 MILLION AS PART OF PROCESS IN  FIRST STANDALONE KRAKEN RAISING

AGREED TO WAIVE EXCLUSIVITY TO KRAKEN PLATFORM IN AUSTRALIA IN EXCHANGE FOR ADDITIONAL 1.5% EQUITY INTEREST IN KRAKEN

POST TRANSACTIONS, CO'S ECONOMIC INTEREST IN KRAKEN WILL REMAIN 22.7%, WILL CONTINUE TO HOLD STRATEGIC STAKE IN OCTOPUS ENERGY AT 22.7%

Further company coverage: ORG.AX

 ((Reuters.Briefs@thomsonreuters.com;))