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Brookfield flips AGL out of furnace into coal fire

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Brookfield flips AGL out of furnace into coal fire

The top brass at AGL Energy are about to feel even more heat. Over the weekend, the struggling Australian power company snubbed a sweetened takeover bid that valued the enterprise at almost A$8.3 billion ($6.1 billion). Tech billionaire Mike Cannon-Brookes revealed that his Grok Ventures and partner Brookfield Asset Management are now abandoning their green acquisition plan, a move that will make AGL boss Graeme Hunt sweat.

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Brookfield flips AGL out of furnace into coal fire

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Brookfield flips AGL out of furnace into coal fire

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