Govt to sell Genesis stake in ‘next month or so’, Key says

Mon, 24 Feb 2014

Feb. 24 (BusinessDesk) - The government plans to sell down its holding in Genesis Energy “in the next month or so” with more details coming on Wednesday, Prime Minister John Key says. Speaking at his weekly post-Cabinet press conference, Key confirmed the government’s intention to sell 49 percent of Genesis, saying the details will come in Finance Minister Bill English’s speech to the Auckland Chamber of Commerce on Wednesday. The Genesis part-sale is expected to raise between $700 million and $1 billion. Last week Genesis reported a 23 per...

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