Milford Asset Management executive director Brian Gaynor says strong public demand for stock in five state-owned enterprises (SOEs) should ensure fees associated with the sale should be kept low.
The government revealed more about its plans for the partial sale of the SOE shares on Thursday, with Mighty River Power the first on the block in a sales programme that will be spread over the next three years.
Finance Minister Bill English says the government is working hard to develop a competitive sale process that should keep costs at about 1% of the assets' total value.
Mr Gaynor says strong interest in the stock should ensure that the costs of the partial floats will be kept down.
And he told Evening Business on Checkpoint Might River is the right choice for the initial sale because it is a good company and it has a board, chair and chief executive with stock exchange experience.
