DataRoom AM: AGL staying power

AGL Energy could take its blocked MacGen bid to court, while Glencore Xstrata appears to be after BHP’s Nickel West assets.

AGL Energy and the NSW government received the news they feared from the ACCC yesterday, with the competition regulator blocking AGL’s purchase of Macquarie Generation. However, the final chapter in the story is likely yet to be written.

Elsewhere, Glencore Xstrata details plans for local deals with BHP Billiton and Rio Tinto, the Victorian government places the nation’s busiest port on the market and more doubts are cast over the strength of the IPO market.



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