Govt confirms partial sale of Air New Zealand
[WELLINGTON] The New Zealand government confirmed yesterday the partial sell-off of national flag carrier Air New Zealand to local and offshore institutions.
It did not say how much it expected to raise from the long-expected sale but market analysts have previously forecast about NZ$400 million (S$416 million).
The government will reduce its holding from 73 per cent to 53 per cent in the sale which will commence today, Finance Minister Bill English said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
GLP says 2025 bond repayment sources identified
Volvo Cars April sales rise on strong EV demand
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed