Skadden, Arps, Slate, Meagher & Flom; Russell McVeagh; and Allens advised Meridian Energy Ltd. on its $1.6 billion initial public offering, the largest ever in New Zealand.
The New Zealand government listed a 49 percent stake in Meridian, the country’s largest power generator and retailer, as part of a $4.1 billion privatization plan aimed at closing a budget deficit through June 2015. Earlier this year, the government raised $1.4 billion by selling a 49 percent stake in Mighty River Power Ltd., also a power generation company.
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