AGL strikes takeover deal for APG

Target's board recommends the offer, which values the company at $158m, would see AGL increase its holding by up to 57%.

AGL Energy Ltd has made an off-market bid for control of upstart energy retailer Australian Power & Gas Company Ltd, striking a deal with its rival's board to increase its holding in the group by 57%, valuing the target at $158 million. 

APG's board has entered a bid implementation agreement with AGL, which would see the suitor pay 52 cents per share for a 19.9% stake in the company from APG's three major shareholders, Nippon Gas, The Cobra Group and The Poole Interests.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles