Finance Minister Bill English and State Owned Enterprises Minister Tony Ryall will lead the process, to be held next month, which will canvas legislative changes the government considered necessary for the float of Genesis Energy, Meridian Energy, Migh
A series of hui are to be held around the country to brief Maori on the float of minority shareholdings in four state owned enterprises.
Finance Minister Bill English and State Owned Enterprises Minister Tony Ryall will lead the process, to be held next month, which will canvas legislative changes the government considered necessary for the float of Genesis Energy, Meridian Energy, Mighty River Power and Solid Energy.
"We promised to talk with iwi when we originally announced plans to partially sell the four energy companies and Air New Zealand last year,” Mr English said.
“We want to understand Maori views before we take final decisions.”
Mr Ryall said the consultation would not cover specific investment opportunities, but iwi investment on a commercial basis would be welcomed.
"The government has promised all New Zealand investors they will be at the front of the queue for shares," Mr Ryall said.
The government was also seeking written submissions through a consultation document on its proposal to remove the four energy companies from the SOE Act and put them under new legislation that ensured the government retained at least 51% ownership and other individual shareholdings were limited to 10%, Mr English said.
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