AGL completed the acquisition of Perth Energy from Infratil for $44m.

AGL Energy, a distributor of electricity in Australia, completed the acquisition of Perth Energy, a supplier of renewable and clean energy, from Infratil for $43.94m. “We are disappointed to realize a loss on sale but pleased with the turnaround in Perth Energy over the last two years, driven by a restructuring of wholesale supply arrangements, the closing out of unprofitable legacy customer contracts, and a revitalized sales team. This sale enables the Perth Energy business to continue to grow under AGL’s ownership and allows Infratil to focus its investments on established platforms targeting renewable energy, data and connectivity, aged care, and airports.” Roger Crawford, Perth Energy Chairman.