UPDATE: Asset sales law moves a step forward, MRP float by Sept 30

Thu, 14 Jun 2012

By Pattrick Smellie June 14 (BusinessDesk) - The government's unpopular asset sales policy took a big step forward this afternoon, passing its Second Reading in Parliament, and is now due for Third Reading and passage into law after committee stages that start next Tuesday, June 19. Economic Development Minister Steven Joyce opened the second reading debate on the Mixed Ownership Model Bill, which allows the government to sell a non-controlling stake of up to 49 percent in three state-owned power companies and coal miner Solid Energy. Also, n...

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