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SOE floats

SOE floats cost NZ$120.6 mln

Updated
Government says SOE floats cost NZ$120.6 mln or 2.5% of NZ$4.67 bln raised; NZ$12.6 mln spent on ads and PR; Opposition says true cost much higher; Your view?

English divides up the spoils

Finance Minister still has $1.7 bln left in the kitty after Govt sell-off of assets

Genesis shares an instant hit

Updated
Shares in the last of the SOE partial privatisations have the best debut of the lot

Govt scales back Genesis bids sharply

Updated
Bids for more than NZ$2,500 of Genesis shares scaled back sharply after strong demand surprises Government; Shares set for 10% plus premium on debut on Friday

Genesis shares 'too cheap'

Green Party co-leader says five independent reports all show the Genesis Energy shares are being sold for less than they are worth

Govt aims to sell full amount of Genesis shares

'Positive feedback' encourages Government to sell 49% of Genesis rather than 30% as had been stated as a possibility

Genesis price $1.35 to $1.65

Updated
Genesis Energy share float launched; may raise anywhere between $400 mln and $800 mln; Govt may fall short of asset sales programme targets

Genesis price likely to be below $2

Big increase in number of Genesis Energy shares suggests move to make price palatable to general public

Govt may only sell 30% of Genesis

Updated
English says Genesis to float in mid-April; price to be set at start of offer through 'front end book-build'; will include loyalty bonus shares; may sell less than 49%

Key gives Genesis float green light

Updated
PM says cabinet decides to float Genesis in "next month or so"; details on Wednesday; says float will be last by current or next National Govt