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BUDGET 2013 Meridian mega-float to fund rail hospitals schools irrigation

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The country's most valuable electricity company, Meridian Energy, will be partially privatised in the second half of this year, assuming market conditions make it a good time to sell, Finance Minister Bill English announced in today's budget. The widely anticipated announcement could see the government take in perhaps $3.3 billion for its so-called Future Investment Fund, with the ...

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