BUDGET 2013 Meridian mega-float to fund rail, hospitals, schools, irrigation

Thu, 16 May 2013

May 16 (BusinessDesk) - The country's most valuable electricity company, Meridian Energy, will be partially privatised in the second of this year, assuming market conditions make it a good time to sell, Finance Minister Bill English announced in today's budget. The widely anticipated announcement could see the government take in perhaps $3.3 billion for its so-called Future Investment Fund, with the state-owned electricity generator and retailer valued independently at $6.5 billion in 2011. The funds will be used to pay for capital works, inc...

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