Meridian will be listed on the New Zealand and Australian stock exchanges on October 29, with an offer document set to be lodged with the Financial Markets Authority this Friday.
The offer document will include the price range, the price of the first instalment, the capped price of the second instalment and the expected yield.
It is expected that people will be able to apply for shares from September 30, with the general offer expected to close on October 18.
This will be followed by a book-build process, where institutions will be able to bid for shares.
Excellent to see the Government making progress on implementing its election commitments. I look forward to investing in Meridian as I believe it to be a good solid long-term investment.Tags: Asset Sales, Excellent to, Meridian Energy