Z Energy co-owners choose lead managers, arrangers for float
All four firms are also involved in the government's partial privatisation programme.
Infratil and the New Zealand Superannuation Fund have picked which investment banks and brokers would get a slice of a listing of Z Energy later this year.
If the co-owners of petrol station chain Z go ahead with a planned sell down 40 to 60 percent of their investment, the arrangers will be First NZ Capital and Goldman Sachs, and the joint lead managers Craigs Investment Partners/Deutsche Bank and Forsyth Barr, Infratil says in a statement.
All four firms are also involved in the government's partial privatisation programme.
"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," Infratil chief executive Marko Bogoievski says.
"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."
In March, Infratil signalled plans to fill its coffers for early stage investments through the partial sale of its stake in Z, the possible part-sale of an Australian wind farm and the issue of a 10-year bond.
Shares in Infratil rose 0.2 percent to $2.31 today.
(BusinessDesk)
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Z Energy co-owners choose lead managers, arrangers for float
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