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Cannon-Brookes Brokers a Deal with AGL

19 mins listen June 03, 2022

AGL Energy, Australia’s largest electricity generator and polluter, abandoned plans to spin-off its coal assets after tech billionaire Mike Cannon-Brookes bought shares to help block the move. It was a continuation of a trend we are seeing: the offloading or spinning off of pollutive assets away from the parent company. We discuss AGL’s attempt, this offloading trend, and where the company goes from here.

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Harlan Tufford

Vice President, MSCI Research

Elchin Mammadov

Executive Director, MSCI Research

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