Govt remains committed to Genesis Energy sale

Tue, 29 Oct 2013

By Pattrick Smellie Oct. 29 (BusinessDesk) – The government is still committed to the partial privatisation of Genesis Energy, despite a rocky performance in both the asset sales so far undertaken, Prime Minister John Key has confirmed. However, he ruled out the possibility of a break-up or trade sale of the smallest of the three state-controlled electricity companies, despite work being done on those options in recent weeks by the Treasury and its advisers. “I don’t think that’s a credible option,” he told his weekly post-Cabinet press con...

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