Advising on largest block trade ever undertaken in New Zealand
August 05, 2015
Contacts
The Simpson Grierson team of Michael Pollard and Andrew Matthews recently advised Macquarie Capital on the $1.81 billion sale by Origin Energy of its 53.1% shareholding in Contact Energy.
The sell down was the largest secondary markets transaction in New Zealand in the last 10 years and one of the largest deals ever undertaken in New Zealand.
The deal involved a number of technical firsts under the new Financial Markets Conduct Act. Michael Pollard says, "The trade was genuinely a landmark capital markets transaction. It had a fair amount of complexity and it was extremely satisfying to be involved in it."
