Page 9 - Peter Botten News Today

Incitec Pivot (ASX: IPL) has revealed it is yet again going ahead with plans to separate its fertiliser and explosives businesses, which would both be demerged and listed on the ASX.

After HESTA declared it would vote against the demerger on decarbonisation grounds, UK-based activist Snowcap launched an attack on corporate governance at AGL.

Industry super fund HESTA has joined Mike Cannon-Brookes in the ‘no’ camp, but it’s far from the biggest vote heading into the demerger scheme meeting. 

CEO Graeme Hunt says AGL is “asking questions” to ensure shareholder interests are protected as he queries the tech mogul’s motives for seeking to block the demerger.

Mike Cannon-Brookes will step up a push to block the planned break-up of AGL this week, pointing to huge risks he says will destroy shareholder value.

Mike Cannon-Brookes is not giving up on AGL after the latter announced 15 June as the date of the demerger vote. For the demerger of AGL Energy to proceed, the company needs approval from at least 7

Mike Cannon-Brookes will step up a push to block the planned break-up of AGL this week, pointing to huge risks he says will destroy shareholder value.

Mike Cannon-Brookes will step up a push to block the planned break-up of AGL this week, pointing to huge risks he says will destroy shareholder value.

Mike Cannon-Brookes will step up a push to block the planned break-up of AGL this week, pointing to huge risks he says will destroy shareholder value.

Tech billionaire Mike Cannon-Brookes’ intervention has added to significant questions about AGL’s role in the clean-energy transition and its blueprint for the future.