Genesis Power Ltd

Entity type image
Type: Company
Name: Genesis Power Ltd
First reported May 22 2013 - Updated May 22 2013 - 1 reports

KiwiRail eyeing asset cash

Struggling KiwiRail may soak up almost $600 million - or a tenth of the cash raised from partially privatising state-owned power companies, Budget documents reveal.In last week's Budget, Transport Minister Gerry Brownlee announced KiwiRail would receive ... [Published New Zealand Herald - May 22 2013]
First reported May 16 2013 - Updated May 17 2013 - 1 reports
Meridian Energy Ltd
Meridian Energy Ltd

Meridian up for grabs in $NZ3bn float

The New Zealand (NZ) Government's May 2013 Budget contained an announcement that as much as 49% of state-owned electricity generator Meridian Energy will be sold off. The initial public offering could be worth $NZ3bn or more, following that of Mighty ... [Published Individual.com - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 4 reports

An extra $1.5b allocated from Future Fund

Bill English, Tony Ryall Schools, Christchurch hospitals, KiwiRail and irrigation are four of the biggest recipients of new capital allocated from the Future Investment Fund in Budget 2013, Finance Minister Bill English and State Owned Enterprises Minister ... [Published Beehive.govt.nz - May 16 2013]
First reported May 12 2013 - Updated May 12 2013 - 1 reports
Air New Zealand Ltd
Air New Zealand Ltd

Next power company IPO in October - Ryall

The second power company partial privatisation will likely take place in October, SOE Minister Tony Ryall says.Details will be announced in Thursday’s Budget, Mr Ryall told TVNZ's Q+A programme."Well, that’s going to be announced in the Budget on Thursday. ... [Published National Business Review - May 12 2013]
First reported May 09 2013 - Updated May 10 2013 - 2 reports
Mighty River Power Ltd
Mighty River Power Ltd

Mighty River Power shares start trading

Shares in Mighty River Power have started trading this afternoon on the NZX at $2.73 each - a 23c or 9.2 per cent premium on the listing price.Market expectations were for the stock to list at a premium because of the extent of unsatisfied demand from ... [Published New Zealand Herald - May 10 2013]
First reported May 10 2013 - Updated May 10 2013 - 4 reports

MightyRiverPower debuts at $2.73, a 9.2 percent gain from IPO

MightyRiverPower shares climbed 9.2 percent to $2.73 when they debuted on the NZX as investors who'd been scaled back in the initial public offering sought to lift their holdings on market.Initial trading gives the state-controlled power company a market ... [Published Sharechat.co.nz - May 10 2013]
First reported May 08 2013 - Updated May 09 2013 - 3 reports
Contact Energy Ltd
Contact Energy Ltd

NZ closer to surplus goal as Mighty River share sale raises $1.7B

New Zealand’s state asset sale of Might River Power has brought in NZ$1.7bn in revenue with around 113,000 kiwis investing in the shares listing on the NZX on Friday at $2.50 each.WBP OnlineWellington - New Zealand’s government is getting closer to achieving ... [Published WBP Online - May 09 2013]
First reported May 08 2013 - Updated May 09 2013 - 1 reports

Mighty River shares to cost $2.50

Mighty River Power shares will cost $2.50 each, a price the Government says was hit by Labour and the Green's announcement of a controversial power policy.Finance Minister Bill English and State Owned Enterprises Minister Tony Ryall revealed the price ... [Published New Zealand Herald - May 08 2013]
First reported May 07 2013 - Updated May 07 2013 - 3 reports

New Zealand’s largest IPO tests appetite for gov’t asset sales

33 min 8 sec agoWELLINGTON – Mighty River Power’s NZ$1.6 billion (S$1.68 billion) share sale in New Zealand’s largest initial public offering will test investor appetite for state assets as the government seeks to slash borrowing, the Bloomberg news agency ... [Published Today Online - May 07 2013]
First reported May 07 2013 - Updated May 07 2013 - 3 reports

Asset sale petition misses threshold amid bogus sign-ups

A petition for a referendum on state asset sales has failed to garner enough signatures after double entries were weeded out and Labour has vowed to try to fill the gap over the next two months. The petition promoted by Labour, the Greens and Grey Power ... [Published National Business Review - May 07 2013]
First reported May 07 2013 - Updated May 07 2013 - 1 reports

CIR Petition of Roy Reid

Petition of Roy Reid under the Citizens Initiated Referenda Act 1993 asking if an indicative referendum should be held on the following question:“Do you support the Government selling up to 49% of Meridian Energy, Mighty River Power, Genesis Power, Solid ... [Published Scoop - May 07 2013]
First reported May 06 2013 - Updated May 06 2013 - 1 reports

Mighty River price fall fear

Treasury says impact of Labour-Greens policy likely to mirror Contact's 6pc plunge. The controversial Labour-Greens electricity market policy which has knocked 6 per cent off the value of Contact Energy has probably reduced the price the Government will ... [Published New Zealand Herald - May 06 2013]

Quotes

Under the "Specific Fiscal Risks" section of the Budget documents, Treasury says KiwiRail "has signalled its intention to seek $239 million of additional Crown funding over the next four years to complete the 10-year strategy for KiwiRail to achieve a commercially viable network"
KiwiRail eyeing asset cash [Published New Zealand Herald - May 22 2013]
"The share offer program remains important for the government’s books and for the economy," English said in a speech to parliament today. "As well as raising money to invest in new public assets, it benefits the companies themselves through greater market discipline."
New Zealand Plans Biggest IPO as Meridian Prepped for Share Sale [Published BusinessWeek - May 16 2013]
"Look, you’d have to look at some very favourable conditions for the Government to get a number of floats away after this one," Mr Ryall says. "We haven’t yet made a decision on the Air NewZealand timing."
Next power company IPO in October - Ryall [Published National Business Review - May 12 2013]
...rose as expected on their NZX debut while confirming that the next power company to be put on the block will be named in the budget next week. "It's trading to the range that we would have expected" English said at the NZX headquarters in Wellington, where he watched the shares trade for the first time...
Mighty River Power shares start trading [Published New Zealand Herald - May 10 2013]

More Content

All (28) | News (27) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
KiwiRail eyeing asset cash [Published New Zealand Herald - May 22 2013]
Meridian up for grabs in $NZ3bn float [Published Individual.com - May 16 2013]
An extra $1.5b allocated from Future Fund [Published Beehive.govt.nz - May 16 2013]
Meridian Energy to be readied for partial sale [Published Beehive.govt.nz - May 16 2013]
New Zealand Plans Biggest IPO as Meridian Prepp... [Published Bloomberg - May 16 2013]
New Zealand Plans Biggest IPO as Meridian Prepp... [Published BusinessWeek - May 16 2013]
Next power company IPO in October - Ryall [Published National Business Review - May 12 2013]
Mighty River Jumps on Debut of New Zealand’s Bi... [Published Bloomberg - May 10 2013]
Mighty River Power shares start trading [Published New Zealand Herald - May 10 2013]
MightyRiverPower debuts at $2.73, a 9.2 percent... [Published Sharechat.co.nz - May 10 2013]
English says MRP stock debuted in expected rang... [Published Sharechat.co.nz - May 10 2013]
MRP shares jump 9.2% on debut [Published MSN New Zealand - May 10 2013]
MightyRiverPower debuts at $2.73, a 9.2% gain f... [Published Scoop - May 10 2013]
Editorial: Govt must do better at promoting sha... [Published New Zealand Herald - May 09 2013]
NZ closer to surplus goal as Mighty River share... [Published WBP Online - May 09 2013]
Mighty River shares to cost $2.50 [Published New Zealand Herald - May 08 2013]
Mighty River Sale Raises NZ$1.7 Billion in New ... [Published Bloomberg - May 08 2013]
Mighty River Raises NZ$1.7 Billion in Biggest N... [Published BusinessWeek - May 08 2013]
New Zealand’s largest IPO tests appetite for go... [Published Today Online - May 07 2013]
NZ gov't silent on Mighty River price as bigges... [Published WBP Online - May 07 2013]
Asset sale petition misses threshold amid bogus... [Published National Business Review - May 07 2013]
Asset sale referendum misses threshold amid bog... [Published Scoop - May 07 2013]
CIR Petition of Roy Reid [Published Scoop - May 07 2013]
Asset sales referendum falls short [Published Nelson Mail - May 07 2013]
New Zealand’s Biggest IPO Tests Key’s NZ$5 Bill... [Published Bloomberg - May 07 2013]
Mighty River price fall fear [Published New Zealand Herald - May 06 2013]
N.Z. Opposition Would Force Power Companies to ... [Published Bloomberg - Apr 18 2013]
Minister announces SOE board appointments [Published Allvoices Indonesia - Mar 15 2013]
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Minister announces SOE board appointments [Published Allvoices Indonesia - Mar 15 2013]
Mr Ryall has also reappointed three directors at Genesis Power; Deputy Chair Joanna Perry, Rukumoana Schaafhausen and John Dell. At Quotable Value Ltd, one new director, Stephen Panckhurst, has been appointed to the Board and one existing director, Ian ...
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