Cabinet holds back on pushing asset sales, waits for Supreme Court

Mon, 18 Feb 2013

By Pattrick Smellie Feb 18 (BusinessDesk) - The government will wait for the Supreme Court to rule on the Maori Council appeal against the partial privatisation of state-owned electricity company MightyRiverPower, even though it needed a decision by today to meet its own sales timetable. Prime Minister John Key told his post-Cabinet press conference that the Cabinet could have passed an Order in Council today to proceed with the sale, but it would have been "churlish" to do so with the court promising to produce a decision by the end of the m...

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