LONDON (Thomson Financial) - BG Group Plc. said it has been exempted by the
New Zealand Takeovers Panel from making an immediate offer for Contact Energy
Ltd. if the UK group proceeds with its bid for Australia's Origin Energy Ltd.
BG Group has bid $14.70 a share for Origin Energy, which owns 51 percent of
Contact.
It added that should its Origin bid succeed, it must make a follow-on offer
for Contact, which is a condition of the New Zealand Takeovers Panel's
exemption.
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