Credit Suisse wins advisory role on Snowy Hydro

With a mandate to pick joint lead managers for the A$3 billion float due by mid-2006 û the largest IPO in AustraliaÆs pipeline.

Credit Suisse has beat other likely contenders û including ABN AMRO and Lazard û to be appointed financial advisor to the New South Wales Government for the sale of renewable energy company Snowy Hydro.

The privatization of Snowy Hydro is the largest IPO slated for this year with an estimated market capitalization of between A$2.5 billion and A$3 billion. The NSW government wants the sale completed before 30 June so that it doesnÆt get caught in the undercurrent created by...

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