English says MRP stock debuted in expected range, will name next SOE for sale in budget

Fri, 10 May 2013

May 9 (BusinessDesk) – Finance Minister Bill English says MightyRiverPower’s shares rose as expected on their NZX debut while confirming that the next power company to be put on the block will be named in the budget next week. “It’s trading to the range that we would have expected,” English said at the NZX headquarters in Wellington, where he watched the shares trade for the first time. He will make an announcement on the next float in the budget on May 16, he said. MightyRiverPower shares debuted at $2.73, up 9.2 percent from their initial p...

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