Genesis float comes with 1-for-15 share bonus sweetener

Thu, 13 Mar 2014

By Pattrick Smellie March 13 (BusinessDesk) – The government’s unpopular asset sales programme will all be over in just over a month, with a quick-fire bookbuild and public offering scheduled between now and listing of the electricity generator-retailer Genesis Energy’s shares on the NZX on April 17. The shares will be offered to the public at a price somewhere between $1.35 and $1.65, according to the indicative range announced today, although if uptake is low, Ministers may choose to restrict the amount of the company for sale to as little...

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