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AGL pulls off 21-month MacGen hunt

In the early months of 2013, the wheels were already in motion on the slated sale of giant NSW power producer Macquarie Generation, as an initial marketing campaign in Asia got under way.

In the early months of 2013, the wheels were already in motion on the slated sale of giant NSW power producer Macquarie Generation, as an initial marketing campaign in Asia got under way.

Project director for NSW Treasury Kerry Schott and a team from Goldman Sachs led by Nick Forster jetted off to Japan, Korea and China to get potential buyers familiar with the assets. Goldman was already overseeing the sales of Delta West and Eraring, and knew Schott and Tim Spencer , Treasury’s deputy secretary commercial, well.

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Joyce Moullakis wrote on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au
Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/agl-pulls-off-21-month-macgen-hunt-20140913-jeoqy