SOE brokers named

First New Zealand Capital, working with Credit Suisse Australia, Macquarie Capital New Zealand, and Goldman Sachs New Zealand, have been anointed joint lead managers for the partial sale of Mighty River Power via an initial public share offer.

They were named yesterday by Treasury along with Bell Gully as legal adviser. Decisions on the design of the IPO will be made in coming months.

Treasury said the sale would require greater capacity than could be provided by a single firm. In addition, UBS New Zealand, Forsyth Barr working with Merrill Lynch, Deutsche Bank and Craigs Investment Partners may pick up work on later IPOs.

- BusinessDesk

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