Tag Archives: Mighty River Power

New Zealanders are being offered an allocation incentive to pre-register for shares in MightyRiverPower as the government ramps up a campaign to promote the $1.8 billion selldown of the state-owned power company. Those that pre-register over the next three weeks may be allocated 25 percent more shares than those who don’t pre-register if demand exceeds supply, Finance Minister Bill English …

The next three weeks will see the government mount a $1.1 million mass market television, newspaper and internet campaign to entice New Zealanders to invest in the 49 percent of state-owned electricity company, MightyRiverPower, being offered for sale. Pre-registrations of interest will open tomorrow and last three weeks until March 22, placing would-be small-scale investors in MRP into the queue …

The government will be racing the clock to try and sell up to 49 percent of state-owned electricity company MightyRiverPower now that the Supreme Court has dismissed attempts by Maori claimants to settle Treaty of Waitangi claims to freshwater rights first. The unanimous decision of the five judge full bench of the Supreme Court clears the last legal hurdle to …

State-owned electricity company MightyRiverPower is dissolving a five-year-old investment partnership in American and German geothermal developments, taking 100 percent control of development opportunities in Chile and a 20 percent interest in a Californian geothermal producer. The move comes ahead of next Thursday’s half-year profit announcement for the company, which is slated for partial privatisation by mid-year, although those plans may …