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State assets assessed for sale to investors Work will begin soon on assessing which state assets, if any, will be put on National's forsale list going into the next election, says the Prime Minister. John Key indicated yesterday that any partsale of Kiwibank would be a public float and not a trade sale and that the Government would want to retain a majority shareholding. "I certainly wouldn't get ahead of yourselves. I'm not saying there couldn't be a change. It's possible but I also wouldn't guarantee that there would be one." National's position is that there will be no state asset sales this parliamentary term and that it will set out a clear position before the 2011 election. Finance Minister Bill English revived speculation about the policy after raising the possibility on Friday of a partial float of Kiwibank to raise capital. Yesterday, Mr Key said the Government had had discussions with the board of Kiwibank's parent company, New Zealand Post, about a capital injection to expand the bank. "One of the options is we can refuse that request; the second is jordan retro shoes we could look to grow Kiwibank through a capital injection ourselves just as we did with KiwRail, for instance. But at this point, that decision hasn't been made." There would be a clear process where ministers would define the policy then "kick the tyres on the merits of the policy whatever it might be". "We will need to start that process sometime soon." Mr Key said he was not ideologically opposed to asset sales but it was not a firstterm agenda raging bull 5s item and National had been transparent about concords for sale no sales this term, with a clear position going into 2011. Asked if asset sales could help to control debt, Mr Key said that "would depend on a few circumstances but not really, insomuch as I think we are getting on top of our debt position".
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