“…The Government will delay the partial sale of Mighty River Power until early next year while it deals with headaches including Rio Tinto’s threat to close the Tiwai Point aluminium smelter – and Maori claims over water, sharemarket sources say.
The timetable for the Government’s partial asset sales or “mixed ownership model”, originally scheduled to begin with the sale of Mighty River Power in the third quarter of this year – has been increasingly under pressure.
That has given the Opposition fresh fodder for its attacks on the programme.
A well-placed market source said the uncertainty caused by Rio Tinto and Maori water claims meant the Mighty River float would now likely take place in February or March.
“There are gloomy faces on all of those involved at the moment.”
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