Might River power goes on sale

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Today marks the day that the Government’s sale of New Zealand’s assets gets under way.
Might River Power is a power company that the New Zealand Government is selling part of to raise money.
From today people who may want to buy part of this asset will be able to pre register their interest. This will enable people to find out what is involved and how much it will cost. It will also be a chance for the Government to see how popular the assets are.
The Government will begin a large advertising campaign covering television, print and online media to raise awareness.
The process of selling assets has caused a number of protests around the country. People believe that once the assets are sold New Zealand will never get them back.
However, Prime Minister John Key  has pledged that between 85 per cent and 90 per cent will be held by New Zealanders, including the governments own 51 per cent stake.

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