Brookfield eyes RetireAustralia after AGL rejection
Private equity powerhouse Brookfield is set to continue its spending spree in Australia with sources suggesting the $1bn-plus RetireAustralia is firmly within its sights.
Private equity powerhouse Brookfield is set to continue its spending spree in Australia with sources suggesting the $1bn-plus RetireAustralia is firmly within its sights.
AGL Energy shareholders have questioned the power giant’s immediate rejection of an increased takeover bid from Mike Cannon-Brookes and his partner Brookfield.
Mike Cannon-Brookes and his Canadian partner will still cast a long shadow over the electricity giant.
Mike Cannon-Brookes and his consortium partner Brookfield have quit a takeover battle for AGL Energy after the power giant rejected a new $9bn bid.
A tech billionaire has revealed his next move after his attempted takeover of energy giant AGL was rejected for a second time.
ASX lower as investors sell tech and health stocks. Qantas dives on oil surge as Woodside hits two-year high, AGL slips on rejected bid and Rio Tinto fined.
A top AGL Energy shareholder, VanEck Australia, agrees with an early coal exit but says the Mike Cannon-Brookes-fronted consortium will have to raise its $8bn bid.
Brookfield’s game plan in its acquisition of AGL Energy may be to place the business in a fund owned by third-party investors to avoid opposition from the competition watchdog.
Today’s leaders have a responsibility to make it work for everyone.
There could be a lot riding on an acquisition of AGL Energy for Brookfield, judging on the sorts of fees it makes in its investment vehicles.
The Mike Cannon-Brookes fronted group warns that future AGL dividend payments are in jeopardy if the group pushes ahead with its split, as Snowcap enters the fray.
The competition regulator’s chairman Rod Sims has warned of potential issues for a takeover of AGL Energy by Mike Cannon-Brookes and Brookfield.
AGL’s seasoned CEO says a rapid green switch will cost billions more and everyone will pay.
AGL has slammed the Cannon-Brookes plan as unfeasible, while analysts say the Morrison government would likely intervene if it proceeds.
What do we become as a nation when energy security is being controlled in boardrooms, not our national parliament?
Let’s just hope the market-led acceleration from coal to renewables doesn’t result in galloping electricity prices for consumers along with sporadic brownouts and blackouts.
Mike Cannon-Brookes describes the biggest decarbonisation project in the world as his ‘night and weekend job’.
The $8bn bid for AGL Energy by Mike Cannon-Brookes and Brookfield is an opportunistic corporate play which will result in blackouts and brownouts and more expensive electricity.
AGL’s battle-hardened chairman Peter Botten is determined to push ahead with a painful split, but he knows how to strike a deal.
Mike Cannon-Brookes and Brookfield will continue takeover push, saying they have $20bn to transition AGL away from coal.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/14