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AGL Energy Announces Intention to Create Two Energy Businesses

30 Mar 2021  |  08:38:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Intention to create two leading energy businesses

AGL Energy announced its plans to create two energy businesses focused on executing distinct strategies. It will immediately commence a process of engaging with shareholders, regulators, government and workforce stakeholders with a view to confirming the timing and nature of the proposed structural separation by end of FY 2021. The proposed separation is subject to this consultation process and to ongoing internal Company analysis. The Company continue its heritage as an energy trader, backed by a portfolio of flexible generation and storage assets.

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