1 May 2013
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.
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