High hopes for Meridian sale

Deputy Prime Minister Bill English. Photo / Greg Bowker
Deputy Prime Minister Bill English. Photo / Greg Bowker

The Finance Minister has high hopes New Zealanders will buy into the partial float of Meridian Energy.

Bill English has confirmed it is the next asset in line for a sell-down, but he says even after the float, 85 per cent of the company should remain in New Zealand hands.

The figure includes the minimum of 51 per cent of shares the Government will continue to hold.

He has told TVNZ's Q+A programme he is confident so-called 'mum and dad' investors will want a slice of Meridian.

"More and more New Zealanders have gotten interested in investment, partly because of the high profile of the Mighty River discussion, but also as interest rates on their deposits keep dropping, they're looking for other opportunities."

- Newstalk ZB

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