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AGL’s desperate salvage operation – The Australian Financial Review

Shareholders in AGL Energy have little choice but to support the costly, drawn-out process of splitting into a green retail operation…

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AGL is using the underwriting of dividend reinvestment plans as a way of raising about $400 million. But some in the market reckon AGL will need another $400 million to $500 million in fresh equity on top of this.
A capital raising of that scale so soon…

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