LK Group acquires Brand Collective for undisclosed amount smartcompany.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartcompany.com.au Daily Mail and Mail on Sunday newspapers.
9 March 2021
Australia’s biggest coal generator and emitter AGL Energy has made a second major move into the rooftop solar market, this time targeting the booming commercial solar sector with the acquisition of two major players in that market, Epho and Solgen Energy Group.
ASX-listed AGL said on Tuesday that it had entered into agreements to buy Epho and Solgen – the latter from current owner Anchorage Capital Partners – to “complement and strengthen” its existing solar capabilities.
Epho and Solgen rank among the top five commercial rooftop solar installers in the country, which should be enough to propel AGL above its rival Origin Energy as the major incumbents seek to replicated their dominance in centralised generation in the new distributed energy market.
AGL acquires Australian C&I solar providers Solgen and Epho pv-tech.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pv-tech.org Daily Mail and Mail on Sunday newspapers.
Arrium âbled cashâ: lenders kick off legal battle
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The lawyer representing a group of lenders against former Arrium Limited treasury workers says the collapsed steelmaker should have been put into administration four months earlier, that it âbled cashâ and shouldnât have continued to use its loan facilities.
Tony Bannon, SC, who is representing private equity firm Anchorage Capital Group, Commonwealth Bank and Deutsche Bank and global investment firm Davidson Kempner, kicked off Mondayâs legal proceedings by making the group of lendersâ case for misleading and deceptive conduct regarding the draw loan and rollover of loans by Arrium group employees.
The battle over Arriumâs demise kicks off
The downfall of the one-time BHP Billiton division is to be forensically examined in three separate, but interlinked, legal actions getting under way on Monday.
Sparks are expected to fly in the NSW Supreme Court over the collapse of Arrium.Â
Robert Woodland
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Five years after steel-maker Arrium spectacularly collapsed owing more than $2.8 billion to creditors, the downfall of the former BHP Billiton division, spun off as OneSteel in 2000, faces a forensic examination in three interlinked legal actions getting under way on Monday.
All three will be heard by Justice Michael Ball. Robert Bakewell, Arriumâs former chief financial officer and a defendant in the actions, has launched a cross-claim against Herbert Smith Freehills over its advice.