Genesis Energy to list at $1.55 a share to raise $736mln

Fri, 28 Mar 2014

By Pattrick Smellie March 28 (BusinessDesk) – Genesis Energy shares will list on April 17 at $1.55 a share, at the high end of the value range of $1.35 to $1.65 a share nominated for the sale of up to 49 percent of New Zealand’s largest electricity and gas retailer by customer numbers. The issue price was announced this evening at the Beehive by Finance and State-Owned Enterprises Ministers Bill English and Tony Ryall following a book-build exercise involving local and offshore financial institutions, who bid for rights to up to 40 percent o...

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