MELBOURNE (Reuters) – Tech billionaire Mike Cannon-Brookes is seeking to buy an 11.5% stake in AGL Energy nearly two months after Australia’s top power producer rejected a A$5.4 billion takeover offer from his Grok Ventures and Canada’s Brookfield Asset Management, according to a market statement from JPMorgan.
“Grok Ventures and its affiliates are looking to acquire a combined physical and economic interest in up to 11.5% of AGL Energy Limited shares as part of a strategic derivative transaction,” JPMorgan’s equity capital and derivatives markets division said in the information statement seen by Reuters.
(Reporting by Sonali Paul; Editing by Kim Coghill)
