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AGL withdraws bid for Australian operator Vocus

2019-06-18 07:33:00| Telecompaper Headlines

(Telecompaper) AGL Energy reports it has ceased undertaking due diligence on Vocus Group. AGL has also decided to withdraw its non-binding, indicative proposal to acquire Vocus. According to AGL CEO Brett Redman, AGL is now exploring investment opportunities across three focus areas: optimising its existing portfolio for performance and value; evolving and expanding its core energy markets offerings; and creating new opportunities with connected customers. 

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