Key confirms Meridian float, will lodge offer document on Friday

Mon, 16 Sep 2013

Sept. 16 (BusinessDesk) – The government will go ahead with its planned partial sale of Meridian Energy and will lodge the offer documents on Friday. Prime Minister John Key confirmed the partial privatisation at today’s post-Cabinet press conference in Wellington, saying pre-marketing will begin tonight with a listing aimed for Oct. 29. The indicative price range will be included when the prospectus is lodged with the Companies Office on Friday. The Meridian sale would be done in a staggered process where investors would pay 60 percent of...

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