Latest State Owned Enterprises Headlines
Gordon Campbell on Len Brown, trust, and Simon Bridges
Wed, 16 Oct 2013 11:25:02 +1300 | Gordon Campbell
Leaving aside the tawdry details of Auckland mayor Len Brown’s extramarital affair, the oddest feature is the timing of the revelations. By Brown’s own account to John Campbell last night, the affair ended mid year, just before the election campaign ...More >>
Bank of Tokyo resists Solid Energy debt restructuring
Tue, 15 Oct 2013 10:49:39 +1300 | BusinessDesk
Oct. 15 (BusinessDesk) – Japanese financial giant Bank of Tokyo is opposing the debt restructuring deal announced on Oct. 1 to help get state-owned coal miner Solid Energy back on its feet, but may be forced to take the deal anyway, papers lodged ...More >>
Five days remaining in Meridian Share Offer
Mon, 14 Oct 2013 09:03:36 +1300 | New Zealand Government
New Zealanders have just five days remaining to apply to become shareholders in Meridian Energy, the country’s largest electricity generator, Minister for State Owned Enterprises Tony Ryall says.More >>
Green Party launches campaign to win asset sales referendum
Fri, 11 Oct 2013 14:16:03 +1300 | Green Party
The Green Party has officially launched its Keep Assets Kiwi: Vote No to Asset Sales citizens initiated referendum campaign today, with billboards going up around Auckland. More >>
Green Party launches campaign to win asset sales referendum
Fri, 11 Oct 2013 14:08:09 +1300 | Green Party
The Green Party has officially launched its Keep Assets Kiwi: Vote No to Asset Sales citizens initiated referendum campaign today, with billboards going up around Auckland. More >>
UN Reviews Czech Republic’s National Electricity Company
Fri, 11 Oct 2013 10:56:01 +1300 | UN News
An international team led by United Nations nuclear safety experts today completed a review of corporate safety performance at CEZ, the largest national electricity company in the Czech Republic, to address safety operations at the Dukovany and Temelin ...More >>
City Vision Candidates Call for Transparency on Asset Sales
Mon, 7 Oct 2013 09:03:05 +1300 | City Vision
City Vision’s candidates for the Albert-Eden-Roskill ward Cathy Casey and Peter Haynes are delighted that Mayor Len Brown is calling for candidates for Council to state their position on asset sales.More >>
Referendum Kiwis’ chance to say ‘no’ to wasteful asset sales
Mon, 7 Oct 2013 08:57:02 +1300 | Green Party
The Green Party is calling on Kiwis to vote ‘no’ to asset sales in the coming referendum as new figures show the sale of Meridian will cost $1.6 million ever week in lost net dividends, Green Party Co-leader Metiria Turei said today.More >>
Solid Energy posts $335 mln loss on writedowns, costs
Fri, 4 Oct 2013 17:13:52 +1300 | BusinessDesk
Oct. 4 (BusinessDesk) – Financially distressed state-owned coal miner Solid Energy has declared a $335 million loss for the year to June 30, reflecting writedowns in the value of its assets of $215.3 million and restructuring costs of $102.2 million.More >>
Solid Energy Results for Year Ended 30 June 2013
Fri, 4 Oct 2013 14:50:33 +1300 | Solid Energy NZ
-Coal sales of 4.1 million tonnes (Mt), down 11% (2012: 4.6 Mt), in weak commodity markets. More >>
Time for answers over Solid Energy mess
Fri, 4 Oct 2013 14:41:47 +1300 | New Zealand Labour Party
Solid Energy’s $335 million loss in the last year shows the time has come for real answers on how the company got into this mess which can only come from the Auditor General, says Labour’s SOEs spokesperson Clayton Cosgrove. More >>
REPEAT: Air NZ plans to raise stake in Virgin Australia
Fri, 4 Oct 2013 10:41:13 +1300 | BusinessDesk
REPEAT: Air NZ plans to raise stake in Virgin Australia to 25.9 percent after gaining approvals More >>
Air NZ plans to raise stake in Virgin Australia to 25.9%
Fri, 4 Oct 2013 10:07:49 +1300 | BusinessDesk
Air NZ plans to raise stake in Virgin Australia to 25.9% after gaining approvals More >>
Health professionals condemn bailout of Solid Energy
Thu, 3 Oct 2013 16:14:45 +1300 | OraTaiao
Health professionals are highly critical of the recent move by the New Zealand government to bail out Solid Energy. The bailout involves a direct cash injection of $25 million of taxpayer money and another $130 million in loans.More >>
Woodward Partners research values Meridian shares at $1.81
Wed, 2 Oct 2013 18:10:36 +1300 | BusinessDesk
Oct. 2 (BusinessDesk) – The first of two independent research reports commissioned by the New Zealand stock exchange operator, NZX, on the Meridian Energy partial privatisation values the company’s shares at $1.81 apiece, some 21 cents above the capped price ...More >>
Axe the ACC tax now, not in election year
Tue, 1 Oct 2013 15:16:57 +1300 | New Zealand Labour Party
The Government talked up a crisis in ACC so it could push levies to artificially high levels as a backdoor route to get to surplus, ripping off Kiwis in the process, Labour’s ACC spokesperson Iain Lees-Galloway says.More >>
Govt bail-out of Solid Energy privatisation by stealth
Tue, 1 Oct 2013 14:15:49 +1300 | Green Party
The National Government’s proposed bail-out deal for Solid Energy is backdoor privatisation, the Green Party said today. Four foreign-owned banks – ANZ, BNZ, ASB and Westpac – will take a $75 million ownership stake in Solid Energy in return for writing ...More >>
Collins congratulates ACC on strong year
Tue, 1 Oct 2013 13:36:48 +1300 | New Zealand Government
ACC Minister Judith Collins says ACC’s commitment to client rehabilitation and sound investment has allowed the Corporation to make excellent progress, as shown in ACC’s 2013 annual report.More >>
Banks take $75M quasi-haircut on Solid Energy debt
Tue, 1 Oct 2013 11:58:20 +1300 | BusinessDesk
Oct 1 (BusinessDesk) – Banks that lent unsustainable amounts of debt to state-owned coal miner Solid Energy are taking a $75 million “hair-cut”, dressed up as an issue of redeemable preference shares that may never be repaid.More >>
Preparations Underway for 2013 Citizens Initiated Referendum
Mon, 30 Sep 2013 17:25:09 +1300 | Electoral Commission
The Electoral Commission wants to make it easy for people to take part in the Citizens Initiated Referendum on the question “ Do you support the Government selling up to 49% of Meridian Energy, Mighty River Power, Genesis Power, Solid Energy and Air ...More >>
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