Three brokers chosen for AlintaGas

WA-BASED brokerage houses Hartley Poynton, Macquarie Porter Western and Paterson Ord Minnet have been selected as joint lead managers for the sale of the majority of equity in AlintaGas by public float.

The three firms will be responsible for providing advice to the AlintaGas Sale Steering Committee and marketing shares to achieve the highest possible ownership by Western Australians.

A public float of up to 61 per cent of the utility is expected to take part in the second quarter of next year, following the sale of up to 49 per cent to a trade purchaser by competitive tender.