Australia's AGL powers up to 1-week high after Tilt stake sale for $487 million

AGL Energy

10/11/2025 24:05

** Shares of AGL Energy AGL.AX jump as much as 2.8% to A$9.17, their highest level since November 3

** AGL Energy, Australia's largest power producer, signs a deal to divest 19.9% of its 20% stake in clean energy developer Tilt Renewables for A$750 million ($487.35 million)

** Says AGL's sale values its original Tilt stake at more than double its A$321 million book value, with a gain expected in FY26 earnings

** Shares currently up 1.9% at A$9.1, on track for their biggest intraday pct gain since October 23

** Stock down 19.3% this year, including the day's move

($1 = 1.5389 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)

 ((Roushni.Nair@thomsonreuters.com))