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

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