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AGL Energy presses ahead on demerger – The Australian Financial Review

Interim CEO Graeme Hunt sought to reassure investors that lenders are on board after analysts and investors questioned how the demerger could work in practice.

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There is a different future for PrimeCo perhaps over time.
Mr Hunt also rejected persistent talk in the market that the AGL board had in effect brought about Mr Redmans departure by asking him to commit to another five years at the helm of one of the demerged entities, which had been expected to be New AGL.
There is no substance to that; Brett was never asked to commit to a specific timeframe, Mr Hunt told The Australian Financial Review.
He in his own mind and I can understand why reached the conclusion…

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