Treasury picks big brokers, banks to run retail component of partial privatisations

Thu, 30 Aug 2012

By Paul McBeth Aug. 30 (BusinessDesk) - The Treasury has named all of the major broking firms and biggest banks to run the retail investor component of the government's plan to sell down stakes in its energy companies. Interested retail investors in the MightyRiverPower sale, tentatively set for some time this year, will be run by ASB Bank, ANZ National Bank, Craigs Investment Partners and Forsyth Barr, according to the post-award contract published on the Government Electronic Tenders Service. They were chosen from a larger line-up from...

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