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Gold/Mining/Energy : Hydro One - IPO

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To: John Sladek who wrote (43)8/11/2002 2:03:13 PM
From: John Sladek   of 52
 
Saturday, August 10, 2002 - Ontario picks advisers to sell Hydro One stake
Print Edition, Page B4

Ontario has chosen two investment banks to hunt for buyers for a minority stake in Hydro One. The Government of Ontario said it had picked BMO Nesbitt Burns Inc. and CIBC World Markets Inc. as advisers in the initiative, aimed at raising private capital to upgrade the transmission system. Ontario, which held a competitive bid for the job, said the investment bankers would be entitled to share 0.3 per cent of the proceeds of a successful deal, which is 45 per cent below the industry average.

globeandmail.ca
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