The takeover offer (Offer) by AGL APG Holdings Pty Limited (AGL) for all of the ordinary shares and issued options in Australian Power and Gas Company Limited (APK) closed on Friday 11 October 2013.i
AGL currently has a relevant interest in 98.18 per cent of APK shares and 93.88 per cent of APK options.
On 19 September 2013, AGL commenced the compulsory acquisition process to acquire the remaining shares and options in APK which it does not already own.
i The offer is made by AGL APG holidings Pty Limited, a wholly owned subsidiary of AGL Energy Limited.
AGL is one of Australia's leading integrated renewable energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on 175 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities.