English delays removing Mighty River Power from SOE Act after Maori get urgent hearing

Tue, 23 Oct 2012

Oct. 23 (BusinessDesk) - The government has delayed removing Mighty River Power from the State Owned Enterprises Act after the High Court granted an urgent hearing for the Maori Council’s application for a judicial review of the government’s plan to sell down the company. “This doesn’t affect the timing of the Mighty River Power float, which remains a priority for the government,” English said in a statement. Still, the government has opted to defer removing the power company from the schedule of companies listed in the State-Owned Enterpris...

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