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Air NZ share sale adds NZ$365m to govt coffers
Published Tue, Nov 19, 2013 · 10:00 PM
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[WELLINGTON] New Zealand's government raised NZ$365 million (S$378.4 million) from the sale of shares in Air New Zealand Ltd, completing the third of four planned asset sales before next year's election.
The government sold 221 million shares at NZ$1.65 apiece, reducing its stake in the national carrier to 53 per cent from 73 per cent, Finance Minister Bill English said in a sta…
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