The Sydney-based power company will use the proceeds to fund its recently approved $1.4 billion acquisition of Macquarie Generation.
August 28, 2014 at 06:13 AM
1 minute read
The original version of this story was published on Global Lawyer News
Herbert Smith Freehills and King & Wood Mallesons have the lead roles on a $1.1 billion rights issue by Australia’s AGL Energy Ltd.
Sydney-based AGL is offering approximately $480 million to institutional investors and $670 million to retail investors. Proceeds will be used to fund AGL’s $1.4 billion purchase of power company Macquarie Generation from the Australian government.
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