AGL Energy dropped a nice little bomb on Thursday morning, revealing its former suitor Brookfield Asset Management had popped up with a 2.56 per cent stake in the company.
“AGL become aware of this information through routine registry analysis responses, and therefore the information is historical. It is possible that subsequent trading may have altered the position,” AGL said in a brief three line statement to the ASX.
Brookfield’s 123456789 4 Pty is part of a series of Australian companies is set up in late April, well after Brookfield’s bid for AGL was rejected.The company’s board - and the boards of the other entities in the chain - includes a combination of Brookfield infrastructure and private equity types. Street Talk’s seen plenty of Brookfield entity filings in the past decade - they’re required whenever the firm makes a new move, for legal and tax structuring reasons.
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