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New Deal


Announced

Completed

Mike Cannon-Brookes completed the acquisition of 11% stake in AGL Energy for $460m.

Financials

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Transaction Value£365m
Consideration TypeCash
Capital Owned-
Capital Bid For11%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

elecricity

gas

Electricity Distribution

Gas Distribution

Domestic

Completed

Public

Single Bidder

Majority

Acquisition

Friendly

Synopsis

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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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