AGL closes on full APG takeover

Energy giant further lifts stake, nearing compulsory takeover threshold.

AGL Energy (AGK) has increased its stake in takeover target Australian Power & Gas (APK) for the second time this week, edging closer to the compulsory acquisition threshold of 90%.

In a statement to the Australian Securities Exchange, the energy giant noted it had lifted its stake a further 3.52% to 87.89%.

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