Brookfield will have to raise lowball offer for AGL
The $4.9bn buyout proposal for AGL Energy by Brookfield and Atlassian co-founder Mike Cannon-Brookes is unlikely to be followed by offers from rival suitors.
Agl Energy
AGL will go to Brookfield, Cannon-Brookes
This deal is about billions of dollars in capital might – that can see huge upside in transforming Australia’s largest carbon emitter.
Call for talks as AGL snubs bid
The world’s largest climate transition fund wants to use AGL Energy as a marquee deal to slash Australia’s pollution levels and accelerate a move to net zero emissions.
Billionaire’s shock takeover bid rejected
A shock bid by Aussie billionaire Mike Cannon-Brookes to take control of an iconic Australian giant of the ASX has been knocked back.
ASX rises on A2 Milk, AGL; Tyro hammered
ASX led higher by utilities. A2 Milk leaps on profit beat, AGL rises on rejected bid, Tyro shares collapse on results, Bluescope posts record half and insurers win landmark case.
AGL rejects Cannon-Brookes’ takeover $8bn bid
AGL Energy has rejected Mike Cannon-Brookes’ push to accelerate the closure of coal-fired power stations and reshape the energy grid.
Cannon-Brookes rewrites the power playbook
The tech multi-billionaire is digging in for a battle even as pressured AGL knocks back his bid.
Closure puts pressure on power
Politicians cannot pretend to be surprised by coal’s decline.
AGL coal plants could face earlier closure: UBS
AGL’s twin coal plants, Bayswater and Loy Yang A, could exit the grid earlier than planned, according to UBS analysts.
Prices offer scope for green shift
The recent hike in wholesale electricity prices allowed AGL Energy to raise its earnings forecasts and pull forward the closure of two of its coal-fired power stations.
Minister wary of coal gap as AGL hits eject
Angus Taylor has issued a warning to AGL Energy over its decision to accelerate the closure of its giant coal stations in NSW and Victoria.
Top polluter blasted for ‘token’ coal effort
Australia’s biggest carbon emitter has brought forward closure dates for two coal-fired power stations, but green groups say it’s not soon enough.
AGL warns of faster exit from coal
AGL Energy has conceded it may accelerate closure dates for two of Australia’s biggest coal plants again depending on market conditions.
ASX jumps on tech; Bapcor, Block add 10pc
ASX closes higher on tech rally led by Block. Bapcor the market leader while CIMIC the laggard on a profit collapse, Senate sinks proxy reforms and AMP flags $252m loss.
AGL Energy seals $500m bond market deal
The group, led by Graeme Hunt, has locked in about $500m of debt from the US bond market, which it will likely reveal on Thursday when it delivers its interim results.
Power giants lay climate challenge
The ambitious 55 per cent emissions cut by 2035 has been laid out by Australia’s biggest electricity and renewable energy businesses
Why a fierce electricity war looms with Ampol’s entry
The fuel retailer is set to join Shell and Telstra in a bid to grab a big chunk of the Australian electricity retail market, which is dominated by AGL, Origin and EnergyAustralia.
Forrest takes hydrogen push to coal country
AGL’s Liddell coal-fired power station could become a hydrogen hub under a deal between Andrew Forrest’s FFI and AGL.
Big three face test as Italian giant plots power bid
Enel will target commercial electricity customers and households in the latest challenge to Australia’s big three of AGL, Origin and EnergyAustralia.
AGL taps banks for US bond bid
AGL Energy is believed to have hired a raft of investment banks to tap the bond market in the US for about $500m.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/15