MightyRiverPower IPO delayed until 2013, Meridian or Genesis to follow

Mon, 03 Sep 2012

Sept. 3 (BusinessDesk) - The government has delayed the partial sale of MightyRiverPower until between March and June next year, giving it time for more talks with iwi on a proposal that would give Maori greater rights than other shareholders. Prime Minister John Key said the government doesn’t accept the "shares plus concept" raised in the Waitangi Tribunal’s interim report that would give Maori interests rights and powers in relation to MRP "above and beyond the rights of other shareholders." “However, after careful consideration ministers...

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