Genesis Energy soars on debut, leading fellow energy companies higher

Thu, 17 Apr 2014

By Suze Metherell April 17 (BusinessDesk) – Shares in the partially privatised Genesis Energy soared 18 percent at their debut listing on the NZX this afternoon, buoying other listed energy companies in the process. Genesis climbed 27.5 cents to $1.825 after listing, giving holders of the 49 percent that was sold an immediate gain of about $135 million. Heavy public interest in the last chapter of the government’s partial privatisation programme briefly crashed the NZX website within half an hour of the listing. Fellow state-controlled genta...

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