Next power company float in October - Ryall
SOE Minister won't rule out Crown selling down its Air New Zealand stake this year, too.
Minister for State Owned Enterprises Tony Ryall told Political Editor Corin Dann that it will be another energy company with more details to be announced in Thursday’s Budget.
“Well, that’s going to be announced in the Budget on Thursday. I can tell you one thing – it is an energy company, and I would expect that New Zealanders would have an opportunity to buy shares in that company – minority shares – around about October.”
Tony Ryall also said he couldn’t rule out shares in the Air New Zealand, which is already partially privatised, being sold off this year.
“No, I can’t rule that out. Ministers are going to consider the Air New Zealand shareholding in the next few weeks, and then we’ll take advice and make a decision on that.”
“Look, you’d have to look at some very favourable conditions for the Government to get a number of floats away after this one. We haven’t yet made a decision on the Air NewZealand timing.”
Mr Ryall wouldn’t say if the Government expected investor interest in the other assets to exceed that of Mighty River, but that the Government’s objective remains to have more New Zealanders investing in these companies.
NBR staff
Sun, 12 May 2013
Sun, 12 May 2013
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Next power company float in October - Ryall
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