MightyRiverPower listing may lure more international investors on yield demand

Thu, 09 May 2013

By Tina Morrison May 9 (BusinessDesk) -MightyRiverPower stock may be in demand when it lists tomorrow from international buyers who are faced with low yields in their own markets and didn't receive as many shares as they wanted in the government allocation. As Europe’s economy shrinks and interest rates in the euro-zone, the US and Japan touch record lows, many investors are seeking opportunities outside their home markets. New Zealand's government yesterday said it had allocated foreign investors just 13.5 percent of state-owned MRP’s shares...

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