Stock Exchange Focus of Say No to Privatisation

The New Zealand Stock Exchange will be the focus of a protest against privatisation at 12 noon on Thursday 10 May. The protest, which is part of the Aotearoa is Not for Sale hikoi will draw attention to the real beneficiaries of the proposed partial sale of State-Owned enterprises - the investors, the merchant bankers, who will collect hundreds of millions of dollars in fees and the stockbrokers, who will clip the ticket on every share trade.

The protest will also cover issues such as the probable increase in electricity prices, the myth of mum and dad investors and the possible effect of Trans Pacific Partnership Agreement.

The Government's secret Trans Pacific Partnership Agreement negotiations are expected to allow overseas shareholders in state owned power companies to be able to sue the New Zealand Government if those shareholders believe that government actions will affect their profits.

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