AGL may need to raise equity as demerger doubts mount afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
AGL demerger âon trackâ despite shock CEO exit Weâre sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement The sudden departure of AGL Energy chief executive Brett Redman has not derailed plans to split the $5.6 billion power provider in two, with interim boss Graeme Hunt reaffirming the logic driving the move. Mr Hunt told the Macquarie Equities Conference on Tuesday that AGL was on track to outline the finer details of its planned demerger by June 30, adding that the company would seek shareholder support to execute the move âas soon as possibleâ.
AGL Energy presses ahead on demerger afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
29 April 2021 Over the years I’ve seen lots of demergers by listed companies and most have been more or less successful at creating value. AGL’s effort so far is a case study in how to stuff it up. Seemingly no agreement between Board and management. Premature announcement with close to zero useful information for investors and their army of advisors. No commitment to separate listing, which is the most fundamental rationale for doing it. Captain and the ship part company mid journey. At this rate AGL will almost single handedly give demergers a bad name. Having said that we’d be the first to accept Brett Redman’s comment: It’s hard. Still that’s all the more reason for working out the details first.