Australian States Switch On $3bn Electricity Float

New South Wales, Australia [The Australian] The countdown to the sale of Australia’s largest renewable energy provider begins today with investors offered the chance to guarantee themselves priority status in the $3 billion Snowy Hydro float, which is poised to provide a windfall for the federal, NSW and Victorian governments. Pre-registration for the share sale, which has sparked criticism from current and former politicians, opens today before the release of a prospectus next month. Investors who pre-register will ensure themselves priority status should the float become oversubscribed.
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