REPT Battero Energy Co. has added Credit Suisse Group AG to arrange its planned Hong Kong initial public offering, which could raise as much as $1 billion, according to people familiar with the matter.
The Chinese battery maker for electric vehicles has selected the Swiss bank as a joint global coordinator for the first-time share sale, which could happen as soon as in the first half of this year, the people said. Morgan Stanley and Citic Securities Ltd. have the top roles as sponsors on the deal, a preliminary prospectus filed in December shows.
