TRUenergy Names Lead Banks for $2.98 Billion IPO
June 07 2012 - 4:30AM
Dow Jones News
By Caroline Henshaw
SYDNEY--CLP Holdings Ltd.'s (0002.HK) TRUenergy has appointed
Deutsche Bank, UBS and Bank of America Merrill Lynch as the leading
banks for its upcoming 3 billion Australian dollar (US$2.98
billion) initial public offering, people familiar with the matter
said on Thursday.
TRUenergy's IPO is expected to take place in November and would
be the biggest listing in Australia since QR National Ltd.'s
(QRN.AU) A$4.6 billion listing in late 2010, the people said.
TRUenergy spokesman Carl Kitchen declined to comment on the
selection of banks.
Write to Caroline Henshaw at caroline.henshaw@dowjones.com
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