Shares in Australia’s Origin Energy (ASX:ORG) have climbed 5.3% to A$9.19 in early trading.

This follows the approval of the A$15.35 billion ($9.84 billion) acquisition of the country’s second leading power producer by a consortium headed by Canada’s Brookfield.

The Australian Competition and Consumer Commission has given the green light to the deal, following an A$8.91 per share bid that was put forward by the consortium for Origin Energy in March.

As of the last closing, Origin Energy’s stock has seen a 13.1% rise this year.

Origin Energy is Australia’s number two power producer and a major player in the energy market.