9 Dec 2013

Greens propose to buy back Meridian shares

From Morning Report, 7:43 am on 9 December 2013

The Green party will offer Meridian Energy investors the choice not to pay the next instalment on their shares, if it is part of the next Government. In National's sale of Meridian shares in October, investors paid a dollar a share up front. To take full ownership of the shares, they must pay a further 50 cents a share in May 2015. But the Green Party wants to allow investors the chance to opt out of paying the final instalment, and instead let the Government retain more shares in the company.