Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.Launch Radio player
Almost half of NBR ONLINE readers who responded think the government was right to delay the Mighty River Power partial share float until next year, according to a poll conducted last week.
Asked if the government should have delayed the float, 47% said yes and 53% answered no.
A delay could be seen as positive for investors, as more time to work out the deal should result in greater clarity and certainty about what is on offer.
The delay followed a recommendation from the Waitangi Tribunal that iwi should have more time to negotiate with the government over water rights.
Iwi have also asked for a preferential share deal – a "share plus option" – but Prime Minister John Key has indicated this is unlikely to go ahead.
The float of Mighty River Power shares is now scheduled to happen in March next year.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Key, Aussies at odds with Abbott over time-limit on Iraq mission
- 'We've never seen a competitor in any category behave in this manner' — MYOB on Xero man's outburst
- Orion CFO Rodney Hyde to leave after company reports earnings in May
- Fonterra's Glencoal says Waikato coal mine not on hold, just delayed
- Claudia Batten joins Vend board