A subsidiary of Brookfield Asset Management has acquired a 2.56 percent stake in AGL Energy, the Australian energy company confirmed in a June 30 press release.
The Brookfield company acquired more than 17.2 million shares for an estimated A$8.25 ($5.68) per share, according to Reuters.
“AGL became aware of this information through routine registry analysis responses, and therefore the information is historical,” stated the company. “It is possible that subsequent trading may have altered the position. AGL has not received any updated acquisition proposal from Brookfield, since the two proposals received earlier this year that were announced to the market. AGL is continuing to focus on the previously announced review of AGL’s strategic direction.”