Origin Responds to AGL Merger Article

Origin Energy responded to a recent report in The Australian Financial Review speculating that the company is engaged in merger negotiations with AGL Energy.

Origin said that, although it has received an unsolicited approach from AGL for a potential merger, it is not presently engaged in any discussions with AGL. The approach relates to a proposal which is indicative and preliminary only, Origin said in a statement. The company noted that it does not propose to take any further steps in relation to this until it has completed an evaluation.

Origin said that it will advise the market if a decision should be taken to proceed.