Canadian asset manager Brookfield and Australian billionaire Mike Cannon-Brookes have teamed up on a joint bid for AGL Energy.
It is understood the pair have submitted a non-binding and indicative offer and it is being considered by AGL Energy’s board.AGL’s power plants account for an estimated 8 per cent of Australia’s greenhouse gas emissions. Paul JonesThey are believed to be keen to acquire AGL Energy in full - including its retail operations and power generation - ahead of the company’s plans to split in two.
An AGL Energy spokesperson declined to comment on Sunday. Brookfield could not be reached for comment prior to publication.Brookfield and Cannon-Brookes are understood to be keen to accelerate AGL Energy’s plans to exit coal-fired power, and invest in more renewable energy generation projects and infrastructure.
Brookfield, Cannon-Brookes in joint bid for AGL Energy
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Mkt cap ! $6.949B | |||
| Open | High | Low | Value | Volume |
| $10.29 | $10.34 | $10.22 | $18.81M | 1.828M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1857 | $10.33 |
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| Price($) | Vol. | No. |
|---|---|---|
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