I do believe that somewhere buried in there is a right of first refusal for the government on any proposed sales of the shares.
But DimPost does have a point about sovereign wealth funds buying shares that they cannot easily sell and therefore how are these shares to be properly valued.
This regime is also a poison pill for the Green proposal on Kiwibank aggressively pricing its mortgages. If Kiwibank was told to pay no further dividends, NZPost as well as a sovereign wealth funds enough to write off their investment?
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