MRP lead managers to run Meridian sale
Two of the three lead managers for the Mighty River Power float have been reappointed to run the Meridian share sale.
The Treasury this afternoon announced Goldman Sachs, Macquarie Capital and Deutsche Bank/Craigs Investment Partners will be lead managers for the Meridian float, due later this year.
Goldman Sachs, Macquarie and First NZ Capital held the same role in the Mighty River deal.
Investment bank UBS was appointed joint lead manager for the sale of Genesis Energy, although a date has yet to be set for that share offer. Other lead managers may be appointed in the coming weeks.
Treasury said bids to carry out the lead management role were of a high quality and its decision was based on the best combination of firms to assist it to achieve the Government's objectives for the share offers.