One of the banks that ran the lucrative privatization of Hydro One promoted a $7,500-per-person fundraiser for the two Ontario provincial cabinet ministers in charge of the sale, the event appears to have raised $165,000.00 for the Ontario Liberals.
At least 22 people agreed to attend, including executives representing other members of the Hydro One syndicate: RBC, TD, CIBC, Goldman Sachs, Barclays and Raymond James. One e-mail makes explicit reference to the Hydro One IPO.
Collectively, banks in the syndicate made nearly $29.3-million from the Hydro One privatization.
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