BRIEF-AGL Energy says co signs agreement to buy Macquarie Generation

Feb 12 (Reuters) - AGL Energy Ltd AGK.AX :

* AGL signs agreement to buy macquarie generation AGK.AX

* Entered into an agreement with the New South Wales government to acquire the Macquarie Generation (Macgen) assets for a consideration of $1,505 million

* Says acquisition of Macgen is expected to be immediately accretive

* Says acquisition is conditional on approval by the Australian competition & consumer commission

* Says intends to fund the transaction by way of a renounceable rights issue

* Says expects that the company's current credit rating will be reaffirmed once the funding for the transaction has been completed

* Expects that the company's current credit rating will be reaffirmed once the funding for the transaction has been completed

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