AGL Energy Limited (AGL) propose to acquire an additional interest (the Transaction) in the Loy Yang A Power Station and the adjacent Loy Yang Coal Mine (together the LYP Business). AGL currently owns a 32.54% interest in the Great Energy Alliance Corporation Pty Ltd (GEAC), the ultimate owner and operator of the LYP Business. The other owners of GEAC (and their respective shareholdings in GEAC) are:
- Tokyo Electric Power Company International B.V. (32.54%)
- Ratch Australia Corporation Ltd (14.03%)
- Motor Trades Association of Australia Superannuation Fund Pty Ltd as trustee for the MTAA Superannuation Fund (12.61%)
- Australian Super (5.78%)
- Statewide Superannuation Pty Ltd as trustee for Statewide Superannuation trust (2.5%)
Following the transaction, AGL will hold a 100% interest in GEAC.