51% of NZ ownership enshrined in legislation

On Q+A this morning Tony Ryall repeated several times that at least of 51% Government ownership will be enshrined in legislation. It’s good to hear that clearly expressed.

Ryall also said that 85-90% New Zealand ownership was likely.

There is plenty of scaremongering about “selling everything overseas”, but there is nothing to support these claims.

There is nothing but opposition conjecture to suggest that private and institutional investors – and many of us via Kiwisaver accounts – will not retain most of ther 49% of shares above the enshrined Government 51%.

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1 Comment

  1. It was also interesting and good to hear at the end of the Tony Ryall interview that if the share price for the float is not met then the Govt. will not be selling the 49%.

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