Govt invests $200 million into power firm Genesis
The government is pouring in $200 million of taxpayers money into the power firm Genesis. The money is to make sure it keeps the Crown shareholding at or above 51% - and is needed because the government shareholding is to be diluted as Genesis embarks on a capital raise. Investment guru Sam Stubbs runs the fund manager company Simplicity and spoke to Guyon Espiner.
The skinny
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