Business Services Industry

Funds manager snaps bigger share of AGL.

Australasian Business Intelligence, October, 2003

Oct 01, 2003 (The Age - ABIX via COMTEX)

On 1 October 2003, Australian Gas Light (AGL) shares rose $A0.11 to $A10.73, on news Maple-Brown Abbott has raised its stake in AGL. The funds management group has acquired 5.7 million more AGL shares, bringing its total holding to 27.6 million. Shares in AGL have not risen above $A11 since the Australian Competition & Consumer Commission blocked the group's plans to purchase Victoria's Loy Yang A power station. Meanwhile, Fitch Ratings has reduced its credit rating on Duke Australia from "BBB" to "BBB-".

Publication Date: 2 October 2003 

AUSTRALIAN GAS LIGHT COMPANY LIMITED

- ASX AGL:

AUSTRALIAN COMPETITION AND CONSUMER

COMMISSION:

MAPLE-BROWN ABBOTT AUSTRALIAN...

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