ANZ Ownership

[Pukka]

Media report:

A Government in a small island stricken with debt has decided to sell its remaining shares in the national Flag Carrier. New Zealand has decided to sell its 74.6% stake in ANZ as part of a plan to stabilise national finances.

[slamer.]

Fom 74% down to 51% therefore maintaining a majority share holding.

Here we go again....lolly scramble for the brokers and corporate investors.

I suspect this will be an interesting topic over the coming months.