2011 Media Releases

Deutsche Bank AG and Craigs Investment Partners today announced their appointment as sole Crown Financial Advisor by New Zealand’s Treasury to provide advisory and project management services on the extension of the Mixed Ownership Model of State-owned assets.

The assignment covers Mighty River Power, Meridian Energy, Genesis Energy and Solid Energy and options to reduce the Crown’s shareholdings in Air New Zealand, with the Crown retaining a majority stake in all companies.

Deutsche Bank New Zealand CEO Brett Shepherd said, “the combination of Deutsche Bank and Craigs Investment Partners means the Crown has advisors with an unequalled combination of New Zealand capital markets knowledge and global IPO and government advisory experience.”

Craigs Investment Partners Managing Director Frank Aldridge said, “we are excited to be involved in designing a program that meets the Crown’s objectives, including broadening the participation of New Zealand investors in our capital markets."

The role commences immediately.

For further information, please contact:

Deutsche Bank AG
Name: Kate Abrahams
Phone: +61 (0) 2 8258 2416
Email: kate.abrahams@db.com