POLL: What NBR readers say about Mighty River float delay
The delay will allow iwi more time to negotiate with the government around water rights.
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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.
Caleb Allison
Mon, 10 Sep 2012
Mon, 10 Sep 2012
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POLL: What NBR readers say about Mighty River float delay
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