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Cannon-Brookes seeks 11.5% stake in Australia's AGL - JPMorgan statement

Cannon-Brookes seeks 11.5% stake in Australia's AGL - JPMorgan statement

reuters.com · 05/02/2022 02:36
Cannon-Brookes seeks 11.5% stake in Australia's AGL - JPMorgan statement

- Tech billionaire Mike Cannon-Brookes is seeking to buy an 11.5% stake in AGL Energy AGL.AX nearly two months after Australia's top power producer rejected a A$5.4 billion takeover offer from his Grok Ventures and Canada's Brookfield Asset Management, according to a market statement from JPMorgan.

"Grok Ventures and its affiliates are looking to acquire a combined physical and economic interest in up to 11.5% of AGL Energy Limited shares as part of a strategic derivative transaction," JPMorgan's equity capital and derivatives markets division said in the information statement seen by Reuters.



(Reporting by Sonali Paul; Editing by Kim Coghill)

((Sonali.Paul@thomsonreuters.com; +61 407 119 523;))