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http://www.scoop.co.nz/stories/PA1304/S00129.htm MRP brokers get commission doubled if shares sold offshore Tuesday, 9 April 2013, 3:17 pm Press Release: New Zealand Labour Party Clayton Cosgrove Spokesperson for SOEs 9 April 2013 MRP brokers get commission doubled if shares sold offshore The Government’s three major brokers will get their commission doubled if they sell shares to overseas investment companies rather than New Zealand institutions, says Labour’s SOE spokesperson Clayton Cosgrove. The Mighty River Power share offer document says the joint lead managers, Goldman Sachs, Macquarie and First NZ Capital, will get 0.4 per cent commission for selling shares to New Zealand institutional investors but get 0.8 per cent commission for share sales to overseas institutional investors. [....]

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