Meridian Energy

Government plans sale of 20% Air New Zealand stake

The New Zealand government said it planned to sell 20% of its stake in Air New Zealand to cut down public debt and spend on infrastructure projects.

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NZ's Meridian IPO well received

According to a statement from NZ Finance Minister Bill English, nearly half of the IPO shares in Meridian Energy was already spoken for by New Zealand brokers.

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IPO's of NZ-owned utility companies to be a hard task

Equity analysts said that uncertainty over the future of state-owned utility companies could hamper its privatization.

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