Alinta Energy turns up heat on AGL with $250m Liddell bid

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 1-May-18

Ian Myles of Macquarie Group says Alinta Energy’s offer to buy AGL Energy’s Liddell coal-fired power station is "opportunistic", while Mark Busuttil of JP Morgan adds that AGL would be unlikely to consider such a low offer. AGL itself has repeatedly stressed that Liddell is not for sale as the power station will be required until its scheduled closure in 2022, with the site to then be used to generate renewable energy. Alinta recently signalled its intention to make a formal offer to buy Liddell.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, ALINTA ENERGY (AUSTRALIA) PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, JP MORGAN AUSTRALIA LIMITED, CHOW TAI FOOK ENTERPRISES LIMITED, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, MANUFACTURING AUSTRALIA LIMITED

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