The brand of AGL Energy Ltd, Australia’s no.2 energy retailer, adorns the constructing of their head workplace in Sydney, Australia, February 8, 2017. Picture taken February 8, 2017. Picture taken February 8, 2017. REUTERS/David Gray
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June 30 (Reuters) – AGL Energy (AGL.AX), Australia’s prime energy producer, mentioned on Thursday it had learnt a unit of Canadian funding supervisor Brookfield Asset Management (BAMa.TO) purchased about 2.6% of its stake on June 24.
The stake acquisition comes after AGL in March rejected a A$5.4 billion ($3.71 billion) takeover proposal from a consortium of tech billionaire Mike Cannon-Brookes and Brookfield in favour of its demerger plan. learn extra
The demerger plan was ditched in late May as Cannon-Brookes, who had purchased an 11% stake in the ability producer earlier that month, opposed it. learn extra
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Sydney-based AGL mentioned in a press release that it grew to become conscious of the two.6% stake purchase “through routine registry analysis responses, and therefore the information is historical.” (https://bit.ly/3OvpthH)
AGL mentioned any “subsequent trading may have altered the position” held by Australian 123456789 4 Pty Ltd, an organization which exhibits up as a subsidiary of Brookfield on the web site of the Australian securities regulator.
Brookfield declined to remark when Reuters requested for affirmation.
Shares of the Australian energy producer have been up 1% at A$8.48, as of 0029 GMT.
($1 = 1.4541 Australian {dollars})
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Reporting by Sameer Manekar in Bengaluru; Editing by Subhranshu Sahu
Our Standards: The Thomson Reuters Trust Principles.
Canada’s Brookfield buys 2.6% stake in Australia’s AGL Energy & More Latest News Update
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