Advice firm to be paid $500k by government

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This financial advice firm has secured a lucrative contract with a state government. So which area of advice is bringing in the big bucks?

According to a report in The Examiner, Melbourne-based global financial advisory and asset management firm Lazard Pty Ltd will advise the Tasmanian Department of Treasury and Finance’s Electricity Project Team on the scoping and structure of the sale of Aurora Energy's retail customer base.

The sale is part of major reforms that have been planned for the state’s energy sector.

According to the report, the divestment of the state-owned electricity retailer's customer base is a key step towards introducing competition in the market which will give households a choice about which company provides their power.

Lazard's advisory focus is on large and medium size corporate assignments, including M&A transactions, capital raisings, and general strategic and corporate advice.

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