Announced
Completed
Financials
Tags
Australia
elecricity
gas
Electricity Distribution
Gas Distribution
Domestic
Completed
Public
Single Bidder
Majority
Acquisition
Friendly
Synopsis
Mike Cannon-Brookes, a tech billionaire and climate activist, completed the acquisition of 11% stake in AGL Energy, a gas and electricity provider, for $460m. "As a result, we intent to vote every AGL share we control at the relevant time against the demerger, and will actively encourage all AGL shareholders to do the same," Mike Cannon-Brookes.
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