March 30 (Reuters) - Australia's top power producer and energy retailer AGL Energy AGL.AX said on Tuesday it would split itself into two separate businesses and had identified A$400 million ($305.24 million) worth of assets to divest.
The first company, New AGL, would be a multi-product energy retailer that seeks to transition to a low carbon future, while the second, PrimeCo, would focus on electricity generation, it said. ($1 = 1.3104 Australian dollars)