Genesis Energy float timing soon, says Key

Mon, 03 Feb 2014

Feb. 3 (BusinessDesk) – The government has received advice saying the partial privatisation of Genesis Energy is achievable in current market conditions and a decision on timing is expected “soon,” Prime Minister John Key says. The largest of the ‘big four’ electricity company by customer numbers, but the smallest by asset value, Genesis is the last to be lined up for sale of up to 49 percent of its shares to private investors, with the government committed to between 80 and 85 percent of those shareholders being New Zealand private or instit...

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