ACCC blocks AGL's MacGen buy

Updated: Watchdog will not approve AGL's MacGen acquisition, AGL shares slide.

The competition regulator has blocked AGL Energy's proposed $1.5 billion acquisition of Macquarie Generation's assets.

The Australian Competition and Consumer Commission said it considered the proposed acquisition would likely to result in a substantial lessening of competition in the market for the retail supply of electricity in New South Wales.

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