AGL takes 75% stake in APG

Suitor gains acceptance from major shareholders, declares offer unconditional.

AGL Energy (AGK) has voting power of more than 75% in Australian Power and Gas Company (APK), after the consumer watchdog gave the green light to the takeover.

In a statement to the Australian Securities Exchange, AGL said it had received additional acceptances for around 32% of APG shares, including from the target's major shareholders and directors.

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