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Meridian Energy, New Zealand's largest electricity generator, has sold its Australian business to a consortium including oil giant Shell for more than $750 ....
29 April 2021 Over the years I’ve seen lots of demergers by listed companies and most have been more or less successful at creating value. AGL’s effort so far is a case study in how to stuff it up. Seemingly no agreement between Board and management. Premature announcement with close to zero useful information for investors and their army of advisors. No commitment to separate listing, which is the most fundamental rationale for doing it. Captain and the ship part company mid journey. At this rate AGL will almost single handedly give demergers a bad name. Having said that we’d be the first to accept Brett Redman’s comment: It’s hard. Still that’s all the more reason for working out the details first. ....