Tuesday, 7 May 2013

Govt preps for next power company IPOs - news item from Faifax media NZ


 http://www.stuff.co.nz/business/industries/8622877/Govt-preps-for-next-power-company-IPOs The Mighty River share offer does not close until tomorrow but plans already underway to sell stakes in the other two state owned electricity generators.
It appears Treasury is keeping the option of selling stakes two more companies later this year.
The Wall Street Journal reported overnight that the Treasury has called for investment banks to tender for leading roles in the partial privatisation of Meridian Energy and Genesis Energy. The report said pitches for the work were due by the end of this month. 

Full article at  http://www.stuff.co.nz/business/industries/8622877/Govt-preps-for-next-power-company-IPOs