It’s now fifteen months since the Prime Minister indicated the National Government would sell minority stakes in the four state owned energy companies and Air New Zealand.
The Minister for State-owned Enterprises, Hon Tony Ryall has reappointed three directors and appointed one new director to the Board of Mighty River Power Ltd (MRP).
The Government will today introduce legislation supporting its mixed ownership programme, which will help get on top of debt and pay for priority new public assets like modern schools and hospitals.
The Government has completed consultation with Maori on removing the mixed ownership companies from the State Owned Enterprises (SOE) Act and will make decisions on new legislation in coming weeks, Finance Minister Bill English and SOE Minister Tony Ryall said today.
The Government has announced a series of hui to consult with Maori on legislative changes it considers are necessary for the float of minority shareholdings in four State Owned Enterprises to New Zealanders.
The Government has confirmed the next steps in its mixed ownership programme to offer New Zealanders minority shareholdings in four state-owned energy companies and Air New Zealand.
