Government website launched for share offers

A website to provide New Zealanders with information about the Government’s mixed ownership programme has been launched.

The website, www.governmentshareoffers.govt.nz, gives New Zealanders information about the proposal to sell up to 49 per cent of four State Owned Enterprises –  Mighty River Power, Genesis Energy, Meridian, Solid Energy – and a further stake in Air New Zealand.

The website provides information about the share offer programme including what mixed ownership means, why the Government is undertaking the programme, and how a public share offer works.

The Government expects to receive $5 billion to $7 billion in proceeds. This will help control debt and allow us to invest in new infrastructure, such as schools.

For more information, click here.