Source: Bloomberg
Goldman Sachs Group Inc., Macquarie Group Ltd. and a partnership of First NZ Capital and Credit Suisse Group AG will manage the initial public offering of Mighty River Power Ltd. as New Zealand’s government starts the biggest round of state asset sales in more than 20 years.
The Treasury named the firms today as joint lead managers for the sale of a minority stake in the Auckland-based energy company. The IPO, planned for the second half of 2012, may raise about NZ$1.5 billion ($1.2 billion), people familiar with the matter have said.
Read More: Goldman, Macquarie, First NZ to Manage Mighty River IPO
Cartoon by Bob Moran
