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Retail Divestment

Aurora Energy’s retail customer base will be split into bundles that will be offered for sale to competing private sector retailers. From 1 January 2014,  the purchaser of each bundle will become the new electricity retailer for the customer base within that bundle.

The retail customer bundles will be offered for sale under a formal process.  Selected parties will be invited to participate in the sale process, following an assessment of Expressions of Interest.

The sale process will be undertaken in accordance with the Electricity Reform Act 2012.  Strict confidentiality requirements will apply to the sale process and participants will be required to sign a confidentiality undertaking prior to receiving any commercial‑in‑confidence information.

Similarly, the sale will be undertaken in accordance with strict probity principles, to prevent the unauthorised disclosure of confidential sale information and to provide fairness to all participants in the sale process.  In this regard, the Government has appointed a Probity Adviser to oversee the sale process.

Lazard Pty Ltd has been appointed as sale adviser and Allens as legal adviser for the divestment.

The sale process is now commencing and interested parties are invited to submit an Expression of Interest.  Further detail on the Expression of Interest process is available in the document below.

Expressions of Interest for the sale of Aurora Energy’s retail customer base

Parties interested in submitting an Expression of Interest should contact the Government’s sale adviser, Lazard Pty Ltd, to discuss their interest in Aurora Energy’s retail customer bundles and the sale process.  Parties will be provided with the Request for Expression of Interest documentation only where the Government is satisfied that the enquiring party is genuinely interested in, and capable of, executing a sale transaction.

Contact details for Lazard are:

Mr Andrew Leyden                                                 Ms Olivia Brown

Managing Director                                                  Vice President

Tel: +61 3 9657 8400                                            Tel: +61 3 9657 8424

Email: andrew.leyden@lazard.com                        Email: olivia.brown@lazard.com