Clarity on SOE Float Welcomed
Media release
27 February 2013
Clarity on SOE Float
Welcomed
BusinessNZ has welcomed the clarity provided by the Supreme Court’s decision on the proposed share offer for Mighty River Power.
Chief Executive Phil O’Reilly says the partial float provides a significant opportunity for the development of New Zealand’s capital markets and for wider investment possibilities for New Zealanders.
“The decision will provide a boost to business confidence and confidence in capital markets.
“The Court’s unanimous
decision gives a clear way forward and the Government should
now promptly execute its plan for the benefit of all New
Zealanders.”
ENDS