AGL (ASX:AGL) to split into two businesses

30Mar

AGL (ASX:AGL) to split into two businesses

 

AGL (ASX:AGL) plans to separate the company to create two energy businesses focused on executing distinct strategies.

One part will be called “New AGL” a multi-product energy retailer.

The second will be “PrimeCo” Australia’s largest electricity generator supplying major wholesale, industrial and retail electricity users.

AGL currently supplies around 4.5 million energy and telecommunications customer services.

Shares in AGL (ASX:AGL) are trading 1.97 per cent higher at $10.37.
 
Copyright 2021 – Finance News Network


Source: Finance News Network

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