, the Canadian giant’s understood to have been in touch with AGL’s top brass, making sure the company knows it’s interested should the utility be searching for a deal.
Sources said the contact was made about a fortnight ago, when it was clear AGL Energy’s demerger was in trouble and the Macquarie Capital-advised company started considering other potential options. There was no price, or talk of price, just an informal expression of interest should AGL’s board want to test market appetite. It was also made without any reference to one-time bid partner Grok Ventures, which now speaks for an 11.3 per cent stake and. The pair have gone their separate ways since.
Brookfield’s interest would be of no surprise to utility sector investors or bankers.
co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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