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This story features AGL ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: AGL
AGL Energy has decided on a parting of ways and will separate its business into two. As always, the devil will be in the detail
-No guidance update, weak electricity pricing outlook
-Offtake agreements between the two critical to value
-How can PrimeCo be self-sustaining?
By Eva Brocklehurst
As it looks to the future and mulls what to do with outdated coal-fired generation, AGL Energy ((AGL)) has decided a separation will be best for all concerned. Management has signalled the split will be internal at first until key details are worked out.