What do you get when you mix a palate of brown and green? Sorry AGL the answer is still brown.
The energy producer dedicated 50 pages to the marketing fanfare around structurally separating the company into two entities, which for ease and descriptive convenience I’ll call CleanCo and DirtyCo.
By way of explanation, structural separation generally means internally splitting a company into operationally separate units. In AGL’s case the parent will own two companies that operate independently and hold different assets. One of these companies will hold and run the business that sells energy and other services such as internet and mobile assets to retail customers along with some clean electricity generation assets and storage assets. Read more…..
Chart of the Day
Bill Gates Is Selling Out Of His Stocks & The Reasons Behind It Are Frightening.