Mighty River Power Sale Positive For Project Pipeline

The New Zealand government has decided to sell off a 49% stake in state-owned electricity utility Mighty River Power , with an initial public offering (IPO) to potentially take place in the third quarter of 2012. CFW believes that the sale could provide the government with sufficient financing to implement its infrastructure plans, but notes that there is still the potential for delays to the sale.

To read the full article, please choose one of the following options: