Government decisions on privatisation of state-owned companies are a key part of “ability for the capital markets to keep working in New Zealand,” says NZX Ltd. chief executive Mark Weldon.Weldon does have a very good point. As the Capital Markets Development Taskforce has reported, our government holds $25 billion of taxpayer funds in state owned enterprises, including Air New Zealand which is partially listed.
Commenting in the wake of the Singapore stock exchange operator, SGX’s, A$8.4 billion takeover bid for its Australian counterpart, ASX, Weldon said there was still a role for a local share market both because local companies will want a domestic venue for capital-raising, and because global players won’t pursue small and mid-sized opportunities.
Tuesday, 2 November 2010
Weldon: float the SOEs
Mark Weldon of NZX has a well yes he would say that moment: