The government is looking like realising their goals from asset sales with the return from Air New Zealand bringing in $365 million.
The Government has completed the sale of 20 per cent of Air New Zealand, selling just over 221 million shares at $1.65, Finance Minister Bill English and State Owned Enterprises Minister Tony Ryall say.
“The sell down of shares has returned $365 million, which will now be allocated to the Future Investment Fund so we can keep building new assets like schools and hospitals while controlling Government debt,” Mr English says.
“This brings the total share offer programme proceeds to almost $4 billion after three partial sales. Read more »