AGL takeover bid complicated by big "national interest" hurdles; former ACCC chair Allan Fels thinks Foreign Investment Review Border concerns could widen

The bid by billionaire Mike Cannon-Brookes to buy the energy giant AGL might be in it early stages, but there are already signs the proposed takeover faces big regulatory hurdles. 

Here's my story from ABC News Online

The biggest one is the "national interest" test - and whether the Treasurer uses special powers to protect critical power infrastruture. ABC's senior business correspondent Peter Ryan explains.

Former Australian Competition & Consumer Commission (ACCC) chairman Allan Fels tells me FIRB's recommendation to the Treasurer could be politicially charged given the sensitivity to managing the climate transition.

I spoke earlier on ABC NewsRadio