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Mike Cannon-Brookes buys up AGL shares in bid to block split
03/05/2022
A plan to de-merge AGL Energy has been interrupted by a bid for a blocking stake in the company.
Technology billionaire Mike Cannon-Brookes bought 11.28 per cent of AGL shares through his family’s Grok Ventures firm.
The move makes him the largest single shareholder and will impact de-merger plans, which require 75 per cent approval.
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