Treasury seeks brokers to run partial privatisation for retail investors

Tue, 29 May 2012

By Paul McBeth May 29 (BusinessDesk) - The Treasury wants a list of brokers who will target retail investors in shares of partially privatised energy companies. The department is seeking to appoint a panel of firms for the retail, or so-called "Mum and Dad" component of the government's mixed ownership model, where it will sell down minority stakes in MightyRiverPower, Meridian Energy, Genesis Energy, and Solid Energy, and reduce its holding in national carrier Air New Zealand. The Treasury is expecting as many as 250,000 retail investor ap...

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