Business
Why an AGL Energy (ASX:AGL) demerger might be a problem
The AGL Energy Limited (ASX: AGL) share price has been on a bit of a rollercoaster today. AGL shares initially opened more than 2% higher this morning and climbed all the way to $10.43 soon after open. But then a case of cold feet seemed to set in, and AGL shares spent the rest of the day in freefall. The AGL share price closed at $9.81, down 3.54% for the day, and down close to 6% from the morning’s high watermark.
AGL set the investing world abuzz this morning when it announced a new structural separation plan. As we reported at the time, AGL will split into ‘New AGL’ and ‘PrimeCo’.
New AGL will house the company’s retailing arm, whilst PrimeCo will hold the company’s electricity generation assets (power plants and…
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