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- Release Date: 01/05/13 15:26
- Summary: GENERAL: IFT: Joint lead managers appointed for potential Z Energy float
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IFT
01/05/2013 13:26
GENERAL
REL: 1326 HRS Infratil Limited
GENERAL: IFT: Joint lead managers appointed for potential Z Energy float
Infratil Limited today announced the appointment of four investment banks by
Z Energy and its shareholders as work continues towards a possible partial
float of Z Energy in the third quarter of the year.
Chief Executive of Infratil, Marko Bogoievski, said Infratil and NZSF Aotea
Limited (for the New Zealand Superannuation Fund) have appointed First NZ
Capital and Goldman Sachs as Arrangers, together with Craigs Investment
Partners / Deutsche Bank and Forsyth Barr as Joint Lead Managers.
"While we have not yet fully committed to a listing, or confirmed the detail
around a listing, work is progressing well and is on track for a potential
listing in the third quarter of the year.
"The appointment of these institutions is a positive step forward towards
that objective," he said.
"Each of these institutions has a strong track record in managing IPOs and we
are very pleased to have their advice on such an important project. We
believe we now have the right combination of skills and expertise to help the
shareholders and Z Energy successfully manage a partial float of the
company."
Marko Bogoievski said work would continue with these advisors and further
announcements regarding the potential listing would be made in due course.
Contact:
Tim Brown (Infratil) 04 4732399.
End CA:00235738 For:IFT Type:GENERAL Time:2013-05-01 13:26:35
