AGL Energy looks like it’s in the box seat to grab Australian Power and Gas, barring any curveball from the consumer watchdog. Meanwhile, Treasury Wine Estates is back in the business gossip pages (for basically the same old reasons), the RHG board has thrown its support behind a sweetened deal from Resimac and Virgin Australia has a German partner.
AGL Energy, Australian Power and Gas
It’s not impossible to envisage a scenario where AGL Energy would lose Australian Power and Gas to a rival suitor. But it’s difficult.