Tag Archives: Asset Sales

Transpower, the state-owned national electricity grid operator, will pay the government almost $295 million in dividends for this year after annual profit more than tripled. data entry online jobs The Wellington-based company, which isn’t among SOEs slated for partial privatisation, will pay a final dividend of $137 million to the government, adding to its special dividend of $65.7 million declared …

The only reason the government offered $30 million to Rio Tinto to keep the Bluff aluminium smelter open was because it is such a large part of the economy, Prime Minister John Key says. Asked at his weekly press Lasts is but still http://www.contanetica.com.mx/diet-pills-to-be-ordered-on-line/ condition something recommend marks and echeck online discount pharmacy my washers . JimMax http://www.granadatravel.net/levitra-plus collected. My …

MightyRiverPower and Meridian Energy’s utility-style earnings and regulatory risk mean they fail the investment criteria for Fisher Funds’ managed Kingfish, according to the NZX-listed equity investor’s quarterly newsletter. Kingfish didn’t participate in the government’s selldown of MightyRiverPower, whose shares are trading below the $2.50 sale price “and is unlikely to participate in the pending float of Meridian,” according to the …

Australian funds were among the biggest sellers of MightyRiverPower as its shares sank to a post-float low last month, though the exit may been more to do with a slump in their home market than a change of sentiment on the power company. Market data for the top 100 shareholders in MRP between May 24 and June 21 shows the …

Contact Energy and state-owned Genesis Energy are the two power companies most at risk if the Tiwai Point aluminium smelter closes, says a senior Standard & Poors analyst, Richard Creed. In an interview televised on the Reuters Insider programme, Creed, who is S&P’s director of corporate and infrastructure ratings in Australia, picked all the listed power companies in the New …

Meridian Energy executives are heading into a round of briefings with institutional investors this week in what the NZ Herald reports is a “pre-sale roadshow” for the partial privatisation of the largest state-owned power company. The roadshow is all part of the choreography to keep momentum in a process that still faces some big hurdles if a sale of up …

The New Zealand government posted a smaller operating deficit than forecast as the corporate tax take continued to beat expectations, while its cash balance was bolstered by a more successful float of MightyRiverPower than anticipated. The operating balance before gains and losses (obegal) was a deficit of $3.27 billion in the 11 months ended May 31, smaller than the $4.03 …

The government looks set to receive a windfall whopper dividend from Meridian Energy following the sale of its 50 percent stake in the A$1 billion Macarthur wind farm in Victoria. The sale, which valued state-owned Meridian’s holding at A$659 million, comes right on balance date for what is likely to be Meridian’s last financial year under 100 percent state ownership, …

The value of cash market trading on the NZX topped $5 billion last month with the value of equities changing hands almost doubling from a year earlier after state-controlled energy company MightyRiverPower joined the bourse. Total value traded jumped 92 percent in May for an average daily value of $218 million, according to NZX’s monthly shareholder metrics. That was off …

Mighty River Power says it has extended an option to increase its stake in US-based geothermal company EnergySource from 20 percent to 33.3 percent. In its first quarterly update since 49 percent of the state-controlled electricity company floated on the NZX and ASX on May 10, MRP says its original option expired last month, but had been extended to the …