Treasury taps Clemenger for Mighty River Power float

Clemenger Group and Senate Communications are among the suppliers appointed by Treasury to market the Might River Power float (as part of the National Government’s Mixed Ownership Model programme).

Computershare Investor Services and marketing & communications director Chris Major are the other two providers, reports NBR Online, which broke the story.

The providers will help market the offers and provide the services that will allow Kiwis to participate in the IPO.

Mighty River Power will be the first generating asset to be partially sold, with the IPO due to take place in the next two months. This will be followed by Meridian Energy, Genesis Energy and Solid Energy.

NBR says the MOM programme is expected to raise between $5 billion and $7 billion. The successful suppliers were appointed through the Government Electronic Tenders Service.

 

 

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