AGL to demerge into two energy businesses.

AGL, an Australian listed public company involved in both the generation and retailing of electricity and gas, is set to demerge into two energy businesses focused on executing distinct strategies, via a structural separation. Financial terms were not disclosed. AGL Managing Director and CEO, Brett Redman, said that the proposed separation builds on AGL’s heritage of innovation, investment and structural adaptation to meet the needs of a dynamic industry.