Key announces three-pronged sweetener for "Mums and Dads" in asset sales

Sun, 22 Jul 2012

July 22 (BusinessDesk) - Small-scale retail investors are being enticed three ways to participate in the government's planned sale of minority stakes in four state-owned energy companies. Prime Minister John Key used his governing National Party's annual conference in Auckland to announce a low $1,000 minimum holding threshold, a "no scaling back" provision for anyone investing $2,000 and a yet-to-be-determined loyalty bonus for hanging onto the shares for at least three years or so. The announcements come as the government awaits the outcome...

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