Government outlines asset-sales plans

The Government has launched a website to outline its plans to sell down part of its stake in Mighty River Power, Genesis, Meridian, Solid Energy and Air New Zealand.

State Owned Enterprises Minister Tony Ryall said the site, would give information about the proposal, including what 'mixed ownership' means, why the Government was undertaking the programme and how a public share offer worked.

The Government would retain a 51 per cent shareholding in the companies ... READ MORE

Released by Fairfax Stuff - 3 May 2012