NZ plans to list Genesis Energy in April after partial sale aimed at increasing pricing tension, English says

Wed, 26 Feb 2014

By Tina Morrison Feb 26 (BusinessDesk) – New Zealand’s government will sell down 30 to 49 percent of its holding in Genesis Energy and list the power company on the nation’s share market in April, marking the end of its spate of partial asset sales over the past year as a general election looms. Genesis shares will be priced at the start of the initial public offer period in March, in what is known as a front-end bookbuild, Finance Minister Bill English said in speech notes for delivery in Auckland today. That will provide more certainty for...

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