(Updates with background, detail on stake buy)
June 30 (Reuters) - AGL Energy (AGL) , Australia's top power producer, said on Thursday it had learnt a unit of Canadian investment manager Brookfield Asset Management BAMa.TO bought 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.
The demerger plan was ditched in late May as Cannon-Brookes, who had bought an 11% stake in the power producer earlier that month, opposed it.
Sydney-based AGL said in a statement that it became aware of the 2.6% stake buy "through routine registry analysis responses, and therefore the information is historical." (https://bit.ly/3OvpthH)
AGL said any "subsequent trading may have altered the position" held by Australian 123456789 4 Pty Ltd, a company which shows up as a subsidiary of Brookfield on the website of the Australian securities regulator.
Brookfield declined to comment when Reuters requested for confirmation.
Shares of the Australian power producer were up 1% at A$8.48, as of 0029 GMT.
($1 = 1.4541 Australian dollars) (([email protected]; Twitter: https://twitter.com/sameer_manekar))
News: AGL UPDATE 1-Canada's Brookfield buys 2.6% stake in Australia's AGL Energy
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Last
$9.98 |
Change
0.040(0.40%) |
Mkt cap ! $6.707B | |||
| Open | High | Low | Value | Volume |
| $9.94 | $10.01 | $9.91 | $6.931M | 695.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 8098 | $9.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.99 | 5294 | 23 |
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| AGL (ASX) Chart |