May 28 , 2012Australia’s AGL Energy launched a A$900 million ($875 million) share sale after winning approval from Australia’s competition watchdog to take full control of Victoria state’s largest power station. The A$448 million plan to take full control of Loy Yang A power station, which provides 30 percent of Victoria state’s electricity, also includes Australia’s largest brown coal mine. AGL will buy out Great Energy Alliance Corp, whose shareholders include troubled Tokyo Electric Power Co, which has a 32.5 percent stake, Thailand’s Ratchaburi Electricity and Australian superannuation funds.