ABU DHABI / GULF TIME As December settles over Abu Dhabi, Taparelle embraces the season …
Read More »AGL rejects $14b takeover bid to close coal plants
Bloomberg Australian utility AGL Energy Ltd rejected a multibillion-dollar takeover bid from Brookfield Asset Management Inc and technology billionaire Mike Cannon-Brookes, who plan to accelerate the closure of the company’s polluting coal-fired power plants. Brookfield and Cannon-Brookes’s investment firm Grok Ventures have a $14 billion transition plan to shift AGL to clean energy and “remains optimistic that an agreement …
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