Air NZ selldown completed at $1.65 a share, or $365 million

Tue, 19 Nov 2013

Nov. 19 (BusinessDesk) – The government sold 20 percent of Air New Zealand at $1.65 a share, meaning there was enough demand from investors to ensure the sale wasn’t at a discount to its last trading price. The government will raise some $365 million selling shares of the national airline and trimming its stake to 53 percent. State Owned Enterprises Minister Tony Ryall said there was “significant demand from New Zealand retail broking firms and New Zealand institutions, including a number of KiwiSaver participants, which together purchased...

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