Releases

State Owned Enterprises
Mon 31 Oct 2016
The NZ Super Fund and the Accident Compensation Corporation’s purchase of minority stakes in Kiwibank has been welcomed by Finance Minister Bill English and State Owned Enterprises Minister Todd McClay. “The deal keeps Kiwibank in public ownership and gives the bank access to additional sources of capital,” Mr English says. “It also returns a dividend of about $200 million to the Government which can be used for other high priorities.” ...
State Owned Enterprises
Mon 31 Oct 2016
The NZ Super Fund and the Accident Compensation Corporation’s purchase of minority stakes in Kiwibank has been welcomed by Finance Minister Bill English and State Owned Enterprises Minister Todd McClay. “The deal keeps Kiwibank in public ownership and gives the bank access to additional sources of capital,” Mr English says. “It also returns a dividend of about $200 million to the Government which can be used for other high priorities.” ...
State Owned Enterprises
Mon 31 Oct 2016
The sale of Solid Energy’s mines provides the best outcome for employees, creditors and communities, Finance Minister Bill English and State Owned Enterprises Minister Todd McClay say. Solid Energy announced today that it had reached agreement on the sale of the Stockton, Strongman and Liverpool mines on the West Coast, the  Rotowaro and Maramarua mines in the Waikato and the New Vale and Ohai coal mines in Southland. ...
State Owned Enterprises
Mon 31 Oct 2016
The sale of Solid Energy’s mines provides the best outcome for employees, creditors and communities, Finance Minister Bill English and State Owned Enterprises Minister Todd McClay say. Solid Energy announced today that it had reached agreement on the sale of the Stockton, Strongman and Liverpool mines on the West Coast, the  Rotowaro and Maramarua mines in the Waikato and the New Vale and Ohai coal mines in Southland. ...
State Owned Enterprises
Fri 30 Sep 2016
Finance Minister Bill English and State Owned Enterprises Minister Todd McClay announced today that Trevor Janes will be the next chair of KiwiRail, and former State Owned Enterprises Minister Tony Ryall will be the next chair of Transpower. Mr Janes has been appointed a director of KiwiRail from today and will take over as chair from 1 November. He succeeds John Spencer who has chaired KiwiRail for four years and before that its predecessor, the New Zealand Railway Corporation, for two. ...
State Owned Enterprises
Fri 30 Sep 2016
Finance Minister Bill English and State Owned Enterprises Minister Todd McClay announced today that Trevor Janes will be the next chair of KiwiRail, and former State Owned Enterprises Minister Tony Ryall will be the next chair of Transpower. Mr Janes has been appointed a director of KiwiRail from today and will take over as chair from 1 November. He succeeds John Spencer who has chaired KiwiRail for four years and before that its predecessor, the New Zealand Railway Corporation, for two. ...
State Owned Enterprises
Mon 1 Aug 2016
State Owned Enterprises Minister Todd McClay called for nominations for the Boards of Airways Ltd, AsureQuality Ltd, Meteorological Service of New Zealand Ltd (MetService), and Quotable Value New Zealand Ltd (QV).  Mr McClay says he is particularly looking for high calibre individuals, with strong commercial skills and is keen to receive applications from a diverse range of New Zealanders, particularly women, who are under-represented. Minister for Women, Louise Upston is also encouraging a greater number of women to put themselves forward for consideration. ...